GBP/CAD Technical Analysis.

British Pound/Canadian Dollar FX:GBPCAD

rishililawat5

Currently, GBP/CAD is trading at 1.7378. The pair is trading in a downward resistance and support channel. The price is moving towards its resistance level at 1.7396 and it can rebound back after touching resistance level . So, it is possible that after it rebounds from the resistance level it can touch its support level at 1.7217.

Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.

Do follow us for future Forex trend analysis and Ideas.

Thank you,

Rishikesh Lilawat

from Trading Ideas https://ift.tt/3hA3BRR
via gqrds