GBPCAD-BUY strategy 9-hourly chart

3天前

The pair has been heavily sold, and so has been all the GBP crosses. the pair initially recovered a little and it shows we are building a short-term base. The stochastic and other indicators provide the suggestion of further moves higher, and feel we may see somewhere 1.7750-1.7800 again in the coming sessions.

Strategy BUY @ 1.7520-1.7560 and take profit near 1.7727 for now.