GBP/CAD Signal - Feb. 19, 2013

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By: DailyForex.com

Currency: GBP/CAD
Method: Elliott Waves
Description: Technical trading for a corrective cycle that completed 100% of A wave with a five corrective Zigzags that hit the lowest at 1.5500 on 14 Feb on a support level 0.618 Fibonacci level, I would expect a bullish move shortly in order to form another correction or to go into motive mode. However, I will buy the pair at that level with open target looking for further strength.
Recommendation: Buy and Hold
Stop Loss: 1.5400
Target: Open

GBPCAD Signal 21913

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals based on his keen understanding of the market. Fadi is an expert in Elliott wav principles and Ichimoku Kinko Hyo, and he is a managing partner in one of the leading organizations in protective coating in the Gulf region.

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