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Trading Idea - GBP/CAD, 01-03-2021
Trading Signal: GBPCAD
Order | Buy |
Direction | Bullish |
Pattern | Trading in uptrend channel |
Interval | 4 hours |
Length (Candles) | 143 |
Idea Summary
Medium term GBPCAD forecast is bullish. The technical analysis of the GBPCAD chart in 4-hour timeframe reveals the GBPCAD is rising in the uptrend channel. It is highly likely that GBPCAD will reflect from the upper bound of the channel and reverse down afterward, while still remaining inside the channel.
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