VasilyTrader

GBPCAD: Pullback Trade Explained 🇬🇧🇨🇦

Long
OANDA:GBPCAD   British Pound / Canadian Dollar

GBPCAD is taking off from a key horizontal support.
The price has formed a bullish engulfing candle on 4h, approaching that structure.
A double bottom on an hourly time frame was formed.

I expect a pullback to: 1.618 / 1.622

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