GBP/CAD Long-Term Trend: Bullish
Key Resistance Levels: 0.68477, 0.68871, 0.69000.
Key Support Levels: 0.68083, 0.67756, 0.67414.
1-Hr Time Frame:
The price on the higher time frame succeeded to break the bearish to the upside after posting an engulfing bullish pattern showing that the buyers are in control of the market. Further movement to the upside could be seen especially if the 1-hour bar closed above the resistance.
GBP/CAD Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction could be posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 1.66671
Target Profit 1 @ 1.67012
Target Profit 2 @ 1.67374
Stop Loss @ 1.66295
Trade Safely 🙂