GBPCAD bounced off support, potential for further bounce!
Price is approaching our first support (horizontal swing low support, short term ascending support line, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce to our resistance (horizontal swing high resistance, 50% Fibonacci retracement) might occur.
Stochastic is also seeing a bounce where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic is also seeing a bounce where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : www.easymarkets.com/