GBPCAD: Consolidation & Indecision. Your Trading Plan 🇬🇧🇨🇦

GBPCAD is trading within a narrow trading range since the beginning of May:

• 1.715 - 1.7175 is its resistance
  
• 1.70 - 1.703 is its support
  

To catch the next swing move, wait for a range breakout:

• Its bullish breakout will lead to a bullish continuation to 1.73 level
  
• Its bearish breakout will trigger a bearish move to 1.688 level.
  

For intraday trading consider the boundaries of the range for buying/selling.

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Commento:

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