GBP/CAD Potential Upward Movement

GBP/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.71905, 1.72252, 1.72883

Key Support Levels: 1.71246, 1.70452, 1.69914

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it swept liquidity under the EMA 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 1.69914 and 1.70452 and has sustained above that. As of now the pair has broken and retested a minor level of 1.71246 before continuing the momentum. 

Signal Idea:

Buy Limit Order @ 1.71557

TP @ 1.71884

Stop Loss @ 1.71193

Trade Safely 🙂