Price broke out of monthly bullish TL and has since been consolidating within a triangle. Longs will be taken after price has retested the bottom of the triangle and shown signs of returning to the top of the triangle.
GBPCAD is forming a monthly bullish engulf for the month of September. This candle formation is forming right around a highly significant level of support/resistance. will look for an entry around the 50% retacement of September candle after close above key level. targets are -27 fib extension and next monthly level of resistance.