FX:GBPCAD British Pound/Canadian Dollar
The GBP/CAD 1H chart is trading in a well defined environment. we have had a nice 1-2-3 , and now we're looking for our next 3 point. Current price action has formed a formation, and if that breaks to the upside it would send us long. The key point in this kind of trade is to discard it as soon as the initial point 2 is broken, in this case, our line in the sand is thus: 1.82300. As long as price trades above this level, we're on the pair and we'll be looking for some price action to send us long in the hopes of getting a impulse back to the (2) point.