If price breaks the support and trend line, this shows confirmation for a LONG position in my opinion. However, this is a waiting trade and we have to see if price does break as shown on chart.
https://uk.tradingview.com/chart/GBPCAD/pevzqKfa-GBP-CAD/
https://uk.tradingview.com/chart/GBPCAD/pevzqKfa-GBP-CAD/
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.