What do you think about the markets this week? There are many currency pairs trading in a clear market condition, making it easy to look for trade opportunities, quite different from what we saw last week. Lets see if at the end of the week the pips on my account reflect it! 
Some of the GBP crosses are also in a clear bearish condition (not the GBPUSD though), specially GBPCHF, GBPAUD, GBPNZD and GBPCAD, and most of them have a good deal of pips before the hit the next LT support level?
For instance, let?s take a look at the GBPCAD:
The next LT level is at 1.5427 and we are currently trading around 1.5777, so we have plenty of room to get a trade with a good risk reward ratio.
Are you monitoring this one?
Trade Safe!
Raul Lopez
Forex Course
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Tags: forex, GBPCAD Analysis, trading
Source: http://www.straightforex.com/forex_blog/2011/09/01/plenty-of-trading-opportunities-today/
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