Buy GBP/CAD Double Bottom
Updated
The GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Double Bottom Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Double Bottom After Confirmation. Ideally, This Would Be Around 1.7433.
Target Levels:
1st Resistance – 1.7520
2nd Resistance – 1.7573
Stop-Loss: To manage risk, place a stop-loss order below 1.7395. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Double Bottom After Confirmation. Ideally, This Would Be Around 1.7433.
Target Levels:
1st Resistance – 1.7520
2nd Resistance – 1.7573
Stop-Loss: To manage risk, place a stop-loss order below 1.7395. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Trade active
Note
GBP - CPI - Next 4 HoursNote
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