GBPCAD is in a clear uptrend making higher highs and higher lows, on the daily timeframe market has broke and closed above a key resistance level with a bullish impulse, followed by a nice correction to test previous resistance as new support.Now i am expecting the continuation to the upside and market to form a new higher high from a daily perspective, on the 4hr market has formed a nice inverted head and shoulders giving us a nice entry signal, we are waiting for a break and close above the neckling of the pattern before we can look for entries to long.
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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.