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GBPCAD Cracks Multi-Year Support, Targets 1.8488
Any successful trader will tell you that using confluence to your advantage is key to finding consistent profits. It can help validate a trade idea which in turn provides a greater degree of confidence that the associated risk is worth the potential reward. Those same traders will also tell you that confluence comes in many forms. It isn’t just about using moving averages, support and resistance levels and technical patterns; although those are a few key elements. In the case of GBPCAD, this confluence is found when we combine the double/triple top between August of 2015 and January of 2016 and the gap from last ... (full story)