FX:GBPCAD   British Pound / Canadian Dollar
17 0
Long Trade on GBP/CAD

Price has broken the long-term downtrend plotted on the monthly chart

An MA crossover on Weekly represents the continued up move of the pair

Daily Fib shows that price has retraced to the 38% level before bouncing and progressing upwards again

On the 4 hour chart, price is currently sitting around an area of historical S&R

60 minute chart shows price retesting this zone which suggests support is occurring and a bounce will happen

Anticipating another strong up move to commence with the target being the 0% Fib extension level
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