GDleGrand
Long

GBPCAD Break out - Long position

FX:GBPCAD   British Pound/Canadian Dollar
I think there will be a break out to the upside for the GBP against the CAD.

around the 2.05 mark there was once resistance which is now kind of a support area . There is a big pair of tweezer bottom candles on the 12th and 13th January.

there is a long trend up - and some consolidation around the 2.06 point where I entered.

Price forming into the point of a triangle - have allowed a bit of room on the stop loss.

let me know your thoughts.
Trade closed: stop reached
United States