Timonrosso

GBPCAD showing strong upside since break of W Formation

Long
OANDA:GBPCAD   British Pound / Canadian Dollar
W Formation formed on Daily where the price broke up above the brim level.
7>21>200 - bullish
RSI>50
Target 1.7364

SMC:
When the price broke above the neckline, it then came down to retest the support (touching Sell SIde Liquidity) This is where Long stops were triggered and shorts were activated by dumb money. Smart money swept the liquidity and bought into it, which is resulting in major upside to come.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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