GBP/CAD Super-Dot Confirmed Counter Trend Move

Dear Traders,

As you can see from the chart, the super-dot marked good buying opportunities in the GBP/CAD pair due to extreme oversold levels.

The POC zone 1.6200-10 has provided bulls with a fresh buying opportunities due to oversold + profit taking which happened when the price touched the HTF Bollinger band. Counter trend move aims for 1.6420 if 1.6360 breaks and eventually 1.6505 on a positive bullish momentum next week. At this point going counter trend is the valid option due to extreme oversold which has been confirmed by the super-dot.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
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