GBP/CAD Potential Upward Movement

GBP/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.79126, 1.80483, 1.81116

Key Support Levels: 1.77563, 1.76357, 1.74854

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a support level of 1.74854 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 broke a key level of 1.76357 and has sustained above that. As of now the pair has broken a minor level of 1.77563 before continuing the momentum. 

Signal Idea:

Buy Limit Order @ 1.78322

TP @ 1.78990

Stop Loss @ 1.77484

Trade Safely 🙂