FOREXCOM:GBPCAD   British Pound / Canadian Dollar
Price has been bouncing between support and resistance ... Waiting for price breakout.

I've got a buy stop ready if price breaks out of resistance and will be going long to previous resistance zone .

Reasons for trade:

- £ is showing strong bullish signs with RSI indicator
- 4 hr time frame is above ichimoku cloud
- Up trend took a big hit but is coming back up and showing signs of correction.

Comments

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