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GBPCAD bounced off support, potential for further bounce!

Long
Sterlina / Dollaro canadese (FX:GBPCAD)  
easyMarkets Broker  
FX:GBPCAD   Sterlina / Dollaro canadese
Trend Analysis Harmonic Patterns Chart Patterns GBPCAD GBP CAD gbpcadlong gbpcadshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern gbpcad gbp cad gbpcadlong gbpcadshort forex forextrading forexsignals
Price is approaching our first support (horizontal swing low support, short term ascending support line, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce to our resistance (horizontal swing high resistance, 50% Fibonacci retracement) might occur.
Stochastic is also seeing a bounce where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.


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