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BUYING GBPCAD at MARKET (1.7229)

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Paun British / Dolar Kanada (FX:GBPCAD)  
theforexportal  
FX:GBPCAD   Paun British / Dolar Kanada
Trend Analysis Support and Resistance Pivot Points GBPCAD gbpcadlong gbpcadanalysis gbpcadforecast gbpcadidea
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trendanalysis supportandresistance pivotpoints gbpcad gbpcadlong gbpcadanalysis gbpcadforecast gbpcadidea
With GBPUSD pushing north strongly , this position has a chance with a small risk. The GBP has been battered all day across all pairs and there are signs of BEARISH exhaustion. Worth a LONG trade at these levels with a 29 pip STOP.
Always tricky trying to anticipate a reversal but my specialist indicator is showing this trade as having a good risk/reward ratio so I'm in LONG at 1.7229 with a STOP at 1.7201. This analysis is supported by either BULLISH or doji indecision candles on the smaller time frames.
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