GBPCAD buy set up daily TF.
Buy for support trend line up to resistance trend line. The support trend line has held up very well since September 2017 with many touches across it. As GC is volatile i would recommend having a 3TP option available.
Institutional money was LONG on GBP/CAD
Price was pushed to the downside to manipulate retail traders to go short, but our team spotted the fake move and entered on the momentum back to the upside to ride the capital wave.
TOTAL: +592.7 points.
We have an inverted head and shoulder type setup on gbpcad after an bullish impuse. this comes at out first level of resistance turn support so its a decent opportunity espeicially if we break the neckline.