Short Term Buy Opportunity on GBPCAD?
I believe there is a small buy opportunity to 1.73520 before we can tell what's going to happen. On the weekly chart, price looks like it has to reach this level before we can tell if it will retest the CTL or it's going to break through and go up.
1.73520 is also at the 61.8% fib level on the 4 hour.
1.73520 is also at the 61.8% fib level on the 4 hour.
Note
Weekly.
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