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DiegoSG

GBPCAD flying for 1.7000

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
DiegoSG  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBPCAD LONG Bullish Patterns trend Divergence Moving Average Convergence / Divergence (MACD) swing
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trendanalysis chartpattern indicator gbpcad long bullish trend divergence macd swing
We can find a string divergence with MACD at the bottom, which is a strong indicator for the change of the Bearish Trend.

Price is making Higher lows. and EMA 50 is now making Support.

If it brakes level 1.60900 it'd be a confirmation for a Bullish continuation and we'll be aiming for 1.66500 (38.2 Fibo Weekly level) or even 1.70000 (61.8 Fibo Weekly level) which I can say is stronger.

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