GBPCAD: Bullish Forecast!

GBPCAD has violated a falling trendline on 4H.

on 1H the price has formed a double bottom formation and broke above a minor resistance confirming the breakout of the trendline.

based on that I expect a further bullish continuation on GBPCAD.

initial target is 1.707.

next goal can be extended to 1.171

Comment:

if you will trade on retest,
consider this quite wide support based on a minor broken resistance
and minor falling trendline

Trade closed: target reached