Traders,
GBPCAD has moved extremely well since I l posted this idea a while ago (See related ideas).
Price has moved very well hitting nice highs off the previous morning star signal igniting upside. Price currently loitering at 50 moving average which is considerable resistance. If price passes through the 50 and retests it, we could see significant highs. On the other hand, if we see weakness here it proves this major moving average waas acting as a resistance ceiling and we should be out of this trade/considering shorts.
Thanks for your support
GBPCAD has moved extremely well since I l posted this idea a while ago (See related ideas).
Price has moved very well hitting nice highs off the previous morning star signal igniting upside. Price currently loitering at 50 moving average which is considerable resistance. If price passes through the 50 and retests it, we could see significant highs. On the other hand, if we see weakness here it proves this major moving average waas acting as a resistance ceiling and we should be out of this trade/considering shorts.
Thanks for your support
