Originally Posted by
mansurep
this is my analysis for GbpCad
hopefully it will be good & understandable and help you to earn good profit in trading.
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakout of the resistance level at 1.7584 and the pair will continue to go up to the next resistance level at 1.7605
Resistent1 : 1.7581
Resistent2 : 1.7603
Resistent3 : 1.7576
Support 1 : 1.7536
Support 2 : 1.7517
Support 3 : 1.7574
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest BUY at the level 1.7579 , stop loss at the level 1.7524 target take profit at the level 1.7604
if market movement as my scenario, you can earn good profit and avoid much loss in your trading keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.