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TheMortiestTrader

GBPCAD Long Setup 07.18.2022

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
TheMortiestTrader  
FX:GBPCAD   British Pound / Canadian Dollar
Triangle Supply and Demand Fundamental Analysis GBPCAD CAD GBP LONG longsetup buy
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triangle supplyanddemand fundamental gbpcad cad gbp long longsetup buy
Based on the COT, CAD is hinting bearish upcoming strength while GBP remains neutral.

The GBP started to have a bullish run, combined with the CAD bearish potential, this pair could break the current triangle pattern to the upside.

I always remain a little more conservative, expecting the pair to fall a bit more before running to the upside.
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