GBPCAD: Cup & Handle Pattern 🇬🇧🇨🇦

Long

British Pound / Canadian Dollar (OANDA:GBPCAD)

OANDA:GBPCAD British Pound / Canadian Dollar

Cup And Handle Elliott Wave Candlestick Analysis GBPCAD pound canadiandollar priceaction priceactionanalysis priceactiontrading priceactionstrategy forecast Contains image

cupandhandle elliottwaves candlestick gbpcad pound canadiandollar priceaction priceactionanalysis priceactiontrading priceactionstrategy forecast containsimage

snapshot

Analyzing a price action on GBPCAD on a daily time frame,
I spotted a perfect example of a Cup & Handle pattern.

The price has already broken and closed above a neckline, confirming the strength of bulls.
I expect a bullish continuation to 1.707 / 1.724

For entries, consider the occasional retest of a broken neckline.

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