Today in forex trading the GBP/CAD had a buy signal on The Forex Heatmap® forex heatmap. The GBP (British Pound) weakness was consistent on all pairs. This pair is starting a new trend on the D1 time frame, so it has good pip potential upside going forward for several days. We will continue to plan additional buys on this pair in the upcoming trading plans, and we will treat this as a swing trade on the D1 time frame. So, along with the 150 pip movement cycle you see from today, more pips are possible in the direction of the trend. The heatmap can be used to enter short term day day trades or trend based trades on the higher time frames like the D1 or W1 time frames.
GBP/CAD Buy Signal
GBP/CAD Buy Signal Chart