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GBP/CAD Potential Upward Movement

GBP/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.70452, 1.70825, 1.71125

Key Support Levels: 1.69750, 1.69508, 1.69185

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a major support level of 1.66070 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

GBP/CAD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a consolidation zone of 1.69185 and 1.69508 and has sustained above that. As of now the pair has broken a minor level of 1.69750 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.70014

TP @ 1.70390

Stop Loss @ 1.69638

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.


  1. Leaving open over the weekend?
    Price is 300 above TP

  2. Hi, Do you think it will come down again to fill the remaining gap?

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