GBP/CAD facing bullish pressure, potential for further bounce!

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Trading Recommendation

Entry: 1.71436

Reason for Entry: Horizontal pullback support, 61.8% Fibonacci retracement, 100% fibonacci extension, short term ascending support line

Take Profit : 1.76955

Reason for Take Profit: 76.4% Fibonacci retracement, horizontal pullback resistance

Stop Loss: 1.67265

Reason for Stop loss: Horizontal swing low support, 78.6% fibonacci retracement, 61.8% Fibonacci extension

The material has been provided by InstaForex Company - www.instaforex.com