GBPCAD Uptrend not powerful enough to continue

6 thg 8, 2015

I apologize for the disorganized appearance of this chart. The Red lines indicate times when the price reacted to the Fib Speed Resistance Arc. This blue line Represents a mirrored version of price action from mid 2004 to mid 2010. Due to its reactions to the fib levels in the recent past and the 10 year resistance level it is likely that GBPCAD does not have the strength to penetrate that level at this time. Feel free to leave your thoughts and comments. Happy Trading!