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British Pound / Canadian Dollar
Long

gbpcad

47
The entry point of 1.83350 is strategically placed to catch the breakout above minor resistance.


The first target at 1.83480 captures a short-term price retracement zone with high probability.


The second target, 1.83610, aligns with the upper boundary of a recent consolidation range.


The third target, 1.83700, is placed just below a psychological resistance level, offering a solid reward.


A tight stop loss at 1.83200 limits downside risk while keeping the risk-reward ratio favorable (approximately 1:2+).
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Trend Analysis
Ali_Explorer
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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.