GBPCAD waiting for the breakout to buy

British Pound / Canadian Dollar (FX:GBPCAD)

FX:GBPCAD British Pound / Canadian Dollar

trendanalysis chartpattern indicator gbpcad forex trading buy support divergence trendfollowing reversal rejection

As per our top-down analysis video two days ago, we will be looking for objective buy setups on lower timeframes since price is sitting around a strong support zone from Daily.

we are waiting for momentum candle close above the upper red zone to buy.

Reasons:
1- Support in Orange
2- Objective Trendline in blue
3- Divergence on MACD

This analysis is done using RichTL
www.RichTL.com

My Telegram Channel
www.t.me/thesignalyst

Best CFD broker
cutt.ly/TickmillReal

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.