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FlexiTRADE

GBPCAD: Waiting For Breakout

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
FlexiTRADE  
FX:GBPCAD   British Pound / Canadian Dollar
Support and Resistance Trend Lines Candlestick Analysis
1
0
supportandresistance trendline candlestick
GBPCAD has been in an upward trend for the past week. It is currently facing strong resistance at a horizontal level.

I am waiting for a breakout, and a close above this resistance level on an intraday candle will confirm the breach. If this happens, we can expect a bullish movement towards at least 1.725.

I will provide an update once a breakout is confirmed.
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