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British Pound / Canadian Dollar
Long

GBPCAD potential bullish movement

138
GBPCAD potential bullish movement.

we are waiting for a momentum candle close above 1.731 (in purple) to buy this one

Reason:
1- Objective Ascending Triangle (in blue)
2- Divergence on MACD (in red)
3- Support zone from Daily

Three confluences are enough to consider Buying GBPCAD, after a break below 1.731 (in purple)

*meanwhile, this pair is overall bearish, and if price breaks below our lower blue trendline, then a long-term bearish movement would be expected
TheSignalyst
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RichTL.com

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Also on:
Ascending TrianglebreakoutBullish PatternsbuyChart PatternsDivergenceGBPCADTechnical IndicatorsrejectionsupportTrend Analysis

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.
Ascending TrianglebreakoutBullish PatternsbuyChart PatternsDivergenceGBPCADTechnical IndicatorsrejectionsupportTrend Analysis
TheSignalyst
Trade Made Simple
RichTL.com

Instagram:
instagram.com/richthesignalyst

Telegram
t.me/thesignalyst

Best CFD broker - Tickmill
cutt.ly/TickmillReal

Kucoin Exchange
kucoin.com/r/af/signalyst
Also on:

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.