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GBPCAD hitting channel bottom on 4H and 1H in a strong W uptrend
British Pound / Canadian Dollar
GBPCAD hitting channel bottom on 4H and 1H in a strong W uptrend
By Piphunters1
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May 25, 2015
1
May 25, 2015
While trading in a strong uptrend price now hits 4H and 1H trend channel bottom and look very interesting to take as a bounce trade.
We will be looking for a nice confirmation candle to enter LONG.
Piphunters are looking for a major EB as an entry signal @ ~1.9035/1.9040 with a stop loss at 1.8970 (below 4H 36 EMA)
Forexpower in this pair is GBP:-1 and CAD:1. Not saying much for this pair
GBPCAD
LONG
piphunters
signal
Piphunters1
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