GBP/CAD: Pullback Opportunity From Key Level
A potential buying opportunity is forming on the GBP/CAD pair.
After testing a significant daily support level, the price has formed a double bottom pattern on the hourly timeframe.
A bullish breakout above the pattern's neckline provides a strong confirmation of a bullish reversal.
The pair is likely to continue rising, targeting the 1.7583 level.
After testing a significant daily support level, the price has formed a double bottom pattern on the hourly timeframe.
A bullish breakout above the pattern's neckline provides a strong confirmation of a bullish reversal.
The pair is likely to continue rising, targeting the 1.7583 level.
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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.