Fxprotrader

GBPCAD: Change of Behavior at Daily Chart

Long
FX:GBPCAD   British Pound / Canadian Dollar
Price has broken above the upper parallel of a downsloping pitchfork, with a sharp impulsive up move, and since then it is consolidating. What I expect is the next big impulse to the upside when this correction will be over. So either wait for a breakout above the correction or watch for a buy setup completion at the lower parallel of the flag. It might take some time, but definitely, it will be a great trade to take.
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