It looks like GBPCAD is preparing for a bullish movement.
Analyzing the 4H time frame, I spotted a bullish flag pattern and a confrimed breakout of its upper boundary.
The last obstacle for the buyers is the 1.6825 - 1.6850 resistance on a daily. If bulls break and close above that, it will be an important bullish clue.
A bullish continuation will follow then at least to 1.692
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.