GBPCAD WAIT FOR TRIGGER

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

GBPCAD, WHAT'S NEXT!?

As we can see price is still overall bullish from a long-term perspective, trading inside this rising channel, and price is approaching our lower rising trendline lining up with our strong support zone, where we will be looking for new longs as well.


Meanwhile, from a shorter-term perspective, price is still overall bearish trading inside this channel and for the bulls to kick in and prove control we need a break above the marked major swing high, then a movement higher would be expected/

And as usual 1-2 risk to reward ratio from a risk management perspective.



If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!