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British Pound / Canadian Dollar
Long

GBPCAD long

By mariosimon
Updated
possible tripple bottom on 4h and also bottom at the weekly
Note
The Support is still firmly holding, expecting rise soon, after this consolidation, GBP was weak recently, expecting new impulses

RSI oversold on weekly, monthly, daily - expecting trend change

Risk Reward Ratio is very good
Note
First to 1,70 - Daily Trend Line
Second to 1,85 - Weekly Trend Line
Thirdly over 1,85 - Monthly Trend Line
Note
Still possible moving upwards
waiting for decision of the BoE about the "historic" rate hike
so for now it looks like "diamond pattern"
Chart PatternsTrend Analysis
mariosimon

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