GBP/CAD 360 pips up-move potential
Hi traders, here we have the GBP/CAD pair at an important 4-hour/daily support.
The pair reached the lower trendline support, a horizontal support zone and the 61.8% Fib level while trading in an overall uptrend, signaling a potential retest of the recent highs.
Notice the bullish divergence in the RSI indicator.
The pair reached the lower trendline support, a horizontal support zone and the 61.8% Fib level while trading in an overall uptrend, signaling a potential retest of the recent highs.
Notice the bullish divergence in the RSI indicator.
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