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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 🙂

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.

One comment

  1. I wanna learn man

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