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GBPCAD H4 - LONG

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
tradelikeapro_fx  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators tradingview forextrader tradingsignals GBPCAD LONG
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trendanalysis chartpattern indicator tradingview forextrader tradingsignals gbpcad long
GBPCAD H4 - LONG

Prices made a double bottom and now broke out of the neckline structure, turning the resistance into support. A nice H4 bullish candle close with wick rejection downside serves as a good indication that buyers are interested in this area.

Dropping down to the hourly timeframe, we will be looking for a LONG position if it breaks 1.74800.
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