GBPCAD 4 HOUR LONG

27 Nis 2015

PRICE HAS BROKEN OUT OF THE CHANNEL AND HAS NOW RETESTED IT ALONG WITH A SMALL STRUCTURE SUPPORT LEVEL, A HAMMER CANDLESTICK WAS FORMED SHOWING BUYERS HAS STEPPED IN. THIS SETUP IS LOOKING LIKE A GOOD LONG OPPORTUNITY BUT PERSONALLY I,LL BE WAITING TOMORROW TO SEE WHAT THE BOC GOV HAS TO SAY IN HIS SPEECH. IM HOPING FOR A DOVISH STATEMENT BECAUSE THIS WILL WEAKEN CAD AND SEND GBPCAD RALLYING. MY FIRST TARGET IS AT 1.85313/200 SMA. IF THE BOC GOV COMES OUT MORE HAWKISH THAN EXPECTED THEN THIS TRADE IS INVALID AND I'LL BE STANDING ASIDE .