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British Pound / Canadian Dollar
Long
Updated

GBPCAD DAILY

131
Looks like this pair is ready to continue its bullish continuation after breaking its weekly downtrend line & now is getting ready for its next leg to the upside rejecting daily support. Something to keep an eye on!
Note
snapshot 38.2 fib is one of the most reliable levels to me & is very trustworthy. There is big news for CAD this week & the OPEC meeting on Wednesday will have a lot of impact on oil (Correlated with CAD). I am not entering just yet.
Note
nice ABCD pattern here as well
Note
snapshot
Profound_Ambition
AB=CDbreakoutcaddollarGBPCADhigherhighpoundretestSupport and ResistanceTrend Analysisuptrend

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
AB=CDbreakoutcaddollarGBPCADhigherhighpoundretestSupport and ResistanceTrend Analysisuptrend
Profound_Ambition

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.