GBPCAD: Cup & Handle Pattern 🇬🇧🇨🇦

Long

Livre sterling / Dollar canadien (OANDA:GBPCAD)

OANDA:GBPCAD Livre sterling / Dollar canadien

cupandhandle elliottwaves candlestick gbpcad pound canadiandollar priceaction priceactionanalysis priceactiontrading priceactionstrategy forecast containsimage

Analyzing a price action on GBPCAD on a daily time frame,
I spotted a perfect example of a Cup & Handle pattern.

The price has already broken and closed above a neckline, confirming the strength of bulls.
I expect a bullish continuation to 1.707 / 1.724

For entries, consider the occasional retest of a broken neckline.

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GBPCAD: Cup & Handle Pattern 🇬🇧🇨🇦

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