CobraVanguard

GBPCAD About to Make an Upward Move!

Long
FX:GBPCAD   British Pound / Canadian Dollar
The GBPCAD currency pair is in an upward phase by reaching a PRZ zone.

⭐The bullish signals in the PRZ area are:
- Trend line
- Breaking the descending channel
- Moving MA20
-Pivot weekly

⭐ and the bullish signals of market momentum are:
- Hidden divergence in MACD

✳️ Note that you should wait for the break of the trend line and a pullback to it, or enter into a buy transaction after seeing strong bullish candles. On the other hand, if PRZ breaks down with the strength of bearish candles, this analysis ours will be failed.

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