mngFX

GBPCAD, at bottom waiting for reversal to complete.

Long
OANDA:GBPCAD   British Pound / Canadian Dollar
Hi Traders,

GBPCAD is looking to break out to the upwards for the next impulse move. Looking at the HTF we are moving within a decending wedge pattern with also a Double Bottom to add confluence of bullish impulse to happen. On the LTF price is moving within a decending channel within the larger structure. I will be waiting for an impulse breakout followed by a LTF correction for a buy opportunity.

Thanks
Trade Safe!
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