YGForex

Nice Rejection For GBPCAD... What now?

Panjang
FX:GBPCAD   Paun British / Dolar Kanada
Before we start with this analysis, do check out my previous GBPCAD. (Link Below) For those who took a look at that analysis, this analysis will be a continuation from the previous analysis. We saw the fall to 61.8 fib level (also a support at 1.7260) and today's candle we can see a nice rejection off this level. I will be seeing a BULLISH continuation after this retracement to 61.8 fib level. Next level I will be looking at is 23.6 fib level with a nice resistance level @ 1.7492. If we were to see a breakout off that level, a BULLISH continuation is definitely possible. Therefore, do keep a look out at 23.6 fib level when you long this pair.

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