Break above the channels confirms bullish sentiment. GBPAUD could be reaching 2.0000-2.0010 area shortly.
http://i59.tinypic.com/23874n.png
http://i59.tinypic.com/23874n.png
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DislikedGBPCAD cycle up just begun suggesting the new highs are not too far away. It it not necessary that price will start raising immediately, but some range can be expected prior to the rally. Overall I expect GBPCAD to grow by 500 points by 10th of July. {image}Ignored
Disliked{quote} You may be correct, however I'm expecting more of a 500 pip correction at this point before I see any new highs. Obviously Time will tell. I've been trading this pair for the last 2 weeks, profiting on 10 of 12 trades and currently short (in the money) with the potential hold for a ride down. Have had a great read on it for a while now...hopefully it keeps up and we're both right!Ignored