GBP/CAD Potential Upward Movement

GBP/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.71685, 1.71896, 1.72329

Key Support Levels: 1.71202, 1.70902, 1.70342

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a 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 level of 1.70902 after grabbing liquidity from 1.70342 area and has sustained above that. As of now the pair has broken and retested a minor level of 1.71202 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.71389

TP @ 1.71655

Stop Loss @ 1.71108

Trade Safely 🙂