Possible buy opportunity approaching for GBPCAD
. I would closely monitor this for the next week at least and watch for a break out to the upside. Check for confirmation via flag on lower time level and enter only when there is clear indication, otherwise let it go. Possible SL @ ~1.599 for long term trade or @ ~1.64164 (or @ ~1.639 if goes back down for a E wave) for short term bull impulse trade. It all depends on your risk management. Again, just monitor for now.