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GBP/CAD Trade idea

Tuesday, February 2, 2016 9:25 AM UTC

Candlestick Pattern- Shooting star
Major trend line resistance -2.01850 (trend line joining 2.0369 and 2.02779)
The pair has made a high of 2.01844 and started to decline from that level. It is currently trading around 2.01365.
Any break above 2.0185 will take the pair till 2.0226/2.0278.
On the lower side major support is around 2.0100 and break below will drag the pair down till 2/1.9870.

It is good to sell on rallies around 2.0150 with SL around 2.0200 for the TP of 2.07/2/1.9870

R1-2.0185

R2-2.0225

R3-2.0278

Support

S1-2.0100

S2-2

S3-1.9870

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GBP/CAD Trade idea

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