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Nicemate
8 Th03 2017 18:59

GBPCAD - Talking about complex structures Giá lên

British Pound/Canadian DollarFXCM

Mô tả

Talking about complex structures, this is the evolution of GBPCAD. There has been an impulse followed by a fragmented flag retracing back to the 0.382 - 0.5 Fib levels. This structure has then evolved into something more complex including an upward channel.
The trend is still bullish, on the daily timeframe, and with an impulse-correction-impulse final target in the 1.7107 area, a long position is highly recommended.
If you aren't yet in the trade, wait for a flag after an impulse to take long position.
Impulse on the daily will be confirmed on the break of previous high at 1.66.
Trade with care, updates will follow.

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Another way of seeing the complex structure that GBPCAD had formed after its previous impulse, is that it could be forming a triangle.

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