GBP-CAD WAS TRADING IN A CHANNEL ON H-1 AND LOWER TIME FRAME SINCE LAST 3 DAYS. YESTERDAY JUNE 11TH, 2020 , PAIR GAVE US BREAK OUT OF THAT CHANNEL TO THE UP SIDE.
WHICH SUGGESTS US THAT PAIR MIGHT GO FURTHER UP SIDE. WE FOUND THAT CHART IS FORMING POTENTIAL BULLISH BAT FORMATION ABOVE RESISTANCE LINE OF CHANNEL ON M-15 TIME FRAME, WHICH CAN BE USED TO ENTER LONG POSITION.
REASON FOR ENTRY: BULLISH BAT FORMATION
BUY ENTRY: 1.7110
STOP LOSS: 1.7089
TARGET-1: 1.7133
TARGET-2: 1.7150
WHICH SUGGESTS US THAT PAIR MIGHT GO FURTHER UP SIDE. WE FOUND THAT CHART IS FORMING POTENTIAL BULLISH BAT FORMATION ABOVE RESISTANCE LINE OF CHANNEL ON M-15 TIME FRAME, WHICH CAN BE USED TO ENTER LONG POSITION.
REASON FOR ENTRY: BULLISH BAT FORMATION
BUY ENTRY: 1.7110
STOP LOSS: 1.7089
TARGET-1: 1.7133
TARGET-2: 1.7150