GBPCAD: Pullback Trade Explained 🇬🇧🇨🇦

Long

Livre sterling / Dollar canadien (OANDA:GBPCAD)

OANDA:GBPCAD Livre sterling / Dollar canadien

Multiple Time Frame Analysis Candlestick Analysis Support and Resistance GBPCAD pound canadiandollar GBP fxsignals signals signal trading

mtfa candlestick supportandresistance gbpcad pound canadiandollar gbp fxsignals signals signal trading

snapshot

GBPCAD is taking off from a key horizontal support.
The price has formed a bullish engulfing candle on 4h, approaching that structure.
A double bottom on an hourly time frame was formed.

I expect a pullback to: 1.618 / 1.622

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