Get started
myronemoyo

GBPCAD Potential Long

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
myronemoyo Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns GBPAUD CADGBP LONG breakout GBPCAD Rising Wedge
3
0
trendanalysis chartpattern gbpaud cadgbp long breakout gbpcad risingwedge
GBPCAD Currently GBPCAD is trapped under a descending Trendline, however it looks as though it is building momentum to break above the trendline as per its peer GBPAUD I see a rising wedge on the 4H and above the 100 and 200ma so is supported decently well, Daily close was strong with daily support of 1.73228 holding. Looks like the corrective move is getting ready to play out on GBP pairs.
Comment:
Nice breakout in our favour. Now for the bulls to hold strong
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.