GBPCAD - Channel play for this week
GBPCAD has been trending along this channel for about 2 months.
I will expect price to continue respecting this channel in Dec.
Will watch out for vol drying up when it gets closer to the lower extreme of the channel this or next week.
This can be a low probability buy off the lows.
Huge SL and TP potential, do size your trades properly.
EP 1.6890
SL 1.6550 (340)
TP 1.76 (710)
I will expect price to continue respecting this channel in Dec.
Will watch out for vol drying up when it gets closer to the lower extreme of the channel this or next week.
This can be a low probability buy off the lows.
Huge SL and TP potential, do size your trades properly.
EP 1.6890
SL 1.6550 (340)
TP 1.76 (710)