GBPCAD approaching support, potential bounce!


Trading Recommendation

Entry: 1.70751

Reason for Entry: Ascending trend line, horizontal overlap support, 78.6%, 38.2% fibonacci retracement and 78.6% fibonacci extension

Take Profit: 1.71571

Reason for Take Profit: Horizontal swing high resistance

Stop Loss: 1.70285

Reason for Take Profit: 127.2% fibonacci retracement

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