GBPCAD seems to be in a triangle formation, inside a running flat.It is either going to start its impulse at "E" point, or re consolidate slowly all the way to re-test the running flat's lower trendline, around the 1.618 area.
Suggested entry points: "E" (1.63220) or 1.618.
Stop Loss: to be placed according to your strategy.
Target: 1.7152 (Yes, that's right !)
Updates will follow. Trade with care.
Note
Note
If you missed the long entry, wait for the end of the impulse, wait for a retracement or flag in proximity of the upper channel trend line and enter there. More specific updates will follow.
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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.