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
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News