GBPCAD - Long
Price broke above the daily descending trend line, formed a corrective structure, then broke upwards out of this as shown. Price has been trending upwards since mid June.
Stops below recent low, fib targets shown.
Stops below recent low, fib targets shown.
Note
Price hit stop loss, although this could be a longer term corrective structure so I will keep an eye on the newly forming descending resistance trendline for any breakouts.
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