GBPCAD has violated a falling trendline on 4H.
on 1H the price has formed a double bottom formation and broke above a minor resistance confirming the breakout of the trendline.
based on that I expect a further bullish continuation on GBPCAD.
initial target is 1.707.
next goal can be extended to 1.171
Note
if you will trade on retest,consider this quite wide support based on a minor broken resistance
and minor falling trendline
Trade closed: target reached
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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.