• Vasily Trader

GBPCAD: Consolidation & Indecision. Your Trading Plan (Indecision)

GBPCAD is trading within a narrow trading range since the beginning of May:

1.715 - 1.7175 is its resistance

1.70 - 1.703 is its support

To catch the next swing move, wait for a range breakout:

Its bullish breakout will lead to a bullish continuation to 1.73 level

Its bearish breakout will trigger a bearish move to 1.688 level.

For intraday trading consider the boundaries of the range for buying/selling.