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Godfather-Pips

GBPCAD SETUP 1:5

Long
Livre sterling / Dollar canadien (FX:GBPCAD)  
Godfather-Pips  
FX:GBPCAD   Livre sterling / Dollar canadien
Support and Resistance GBPCAD pound canadiandollar support Bullish Patterns trend DROP spike
4
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supportandresistance gbpcad pound canadiandollar support bullish trend drop spike
I noticed a general bullish trend so I highlighted that through one trend line.
The spikes out of the first trend line were quite consistent so I made a "shadow" support line.
After this I also noticed a consistent resistance line which had a few consistent drops so I created a "shadow" resistance line.
As the prices are heading towards the support line, I would look to buy the dip and ride the bullish momentum to the resistance line.
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