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lilsheggwen

GBPCAD expecting some bullish sentiment on 1.70000

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
lilsheggwen  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Technical Indicators Chart Patterns gbpcadlong gbpcadanalysis price priceaction trendreversal trendreversalpattern
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trendanalysis indicator chartpattern gbpcadlong gbpcadanalysis price priceaction trendreversal trendreversalpattern
GBPCAD has been on a massive downtrend after retesting 1.75000 since 20th september to 1.69000, this level might bring some bullish sentiment as it finds support around this level from the weekly timeframe. the bulls push breaking 1.70000 with a strong bullish momentum, therefore am expecting a retrace then continue till 1.72500.

Confirmation is waiting for a reversal candlestick pattern on 1.70000, then a break of the recent support turn resistance created.

kindly drop your suggestions in the comment box.
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