GBP/CAD Long
The GBP/CAD looks set for a move to the 1.81 area.
The daily RSI is bouncing from bullish support at 40
The MACD looks like it is making a 0 line reversal
Price turned at 50% of wave 3
There was support from the mid point of the corrective channel and also the midpoint of the base channel.
Finally it also got support from the top of the daily ichimoku cloud
Trade, Go long with a stop at 1.73 with a target of 1.81.
The daily RSI is bouncing from bullish support at 40
The MACD looks like it is making a 0 line reversal
Price turned at 50% of wave 3
There was support from the mid point of the corrective channel and also the midpoint of the base channel.
Finally it also got support from the top of the daily ichimoku cloud
Trade, Go long with a stop at 1.73 with a target of 1.81.
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