GBPCAD LONG INTRADAY BREAKOUT TRADE SETUP

Hi guys:

Here is another take on GBPCAD LONG targeting the next daily resistance level around 1.6700
and 1.7000.

4 HR chart developed a bullish flag pattern, with a nice low test at horizontal support @1.6430
and main pivot, looking for a break out to the upside.

Target 1: 1.6700 (4.17% Profit)
Target 2: 1.7000 (9.17% Profit)

Thank you for your support and feedback.

Trade: #19
Date: 02/08/2017
Time: 14:00 GMT

Trade active:

Here are the other time frames:

Trade closed: stop reached:

4 HR broke down support of 20/50 EMA, horizontal support line #1.1.6430 for 1% loss.