GBP/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.75627, 1.76274, 1.77000.
Key Support Levels: 1.75006, 1.74357, 1.74000.
The price on the higher time frame failed to break and close the strong daily support around the 1.74357 CAD mark where we can see bars with long wicks to the downside and near the 50% Fibonacci retracement level. A move to the upside has been seen, and further upward movement is expected.
GBP/CAD Medium-Term Trend: Bullish
On the lower time frame, the coin succeeded to break the wedge pattern to the downside with the help of the sellers found around the 61.80 % Fibonacci retracement level. a higher correction could be seen to the previous resistance level before a new wave to the downside toward the target profit.
Buy Limit Order @ 1.75017
TP 1 @ 1.75596
TP 2 @ 1.76274
Stop Loss @ 1.74800
Trade Safely 🙂