GBPCAD Long Idea "Potential Double Wave Cycle".

7 במרץ 2016

This pair created a bullish convergence (Red Arrow) followed by a retrace. We also can see a small rally after that but now price is again in the support zone. Ideally we need to see one more push lower before we can try to long this pair. Enter the trade when the red TL is broken. Target 1.92 SL below last low 1.8675