OGFXTRADER

GBPCAD LONG PRICE ACTION FORECAST

Long
OANDA:GBPCAD   British Pound / Canadian Dollar
An ascending hornet patter has cerated the price action within the GBPCAD pair. Now after bouncing from the pattern's support line. We could forecast the upward movement towards the resistance ascending line. The bullish trend expected allows the setup of a long position as a limit type if price retests the confluence area before the next bullish impulse.

The order:
Type: buy-limit
S/L: 50 pips - R:R | 1:3 -
T/P: previous swing high

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