GBPCAD Bullish high probability setup.
We had a perfect XABCD pattern(clearer in 4hr timeframe), and a good short setup at 1.75858(D). Price correction came in as expected. An ascending channel is expected, as the price correction has lasted for the last 15 hrs . A bullish setup is the most probable at this point. My target at 1.76745. Adjust your stop-loss and take-profit accordingly.
Note
We got stopped out, mainly because of the CAD news, but we'll see how it plays out later.
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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.