GBPCAD
The GBPCAD pair is in a short-term downtrend, making lower highs and lower lows. However, a descending trend line has been broken, indicating a potential reversal to the upside. Additionally, price action has formed a triple bottom pattern, which is a bullish sign. Therefore, we may consider taking a long position in the GBPCAD pair.
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.