naynay97

GBP/CAD downtrend moving into sideways momentum (Daily chart)

Long
OANDA:GBPCAD   British Pound / Canadian Dollar
As you can see in the trade, I've placed the trendline showing the current momentum which is a downtrend but however, it turns into sideways momentum.

Two double bottoms appear as well some strong upward move.

Hoping to take profit around the 1.75 area and stop loss is placed at 1.58338.



Just a noobie btw so I don't want no shtick from this but do however provide some constructive criticism and let me know if something looks off


Trade safe and take care guys,