GBPCAD waiting for the breakout to buy

Livre sterling / Dollar canadien (FX:GBPCAD)

FX:GBPCAD Livre sterling / Dollar canadien

trendanalysis chartpattern indicator gbpcad forex trading buy support divergence trendfollowing reversal rejection

As per our top-down analysis video two days ago, we will be looking for objective buy setups on lower timeframes since price is sitting around a strong support zone from Daily.

we are waiting for momentum candle close above the upper red zone to buy.

Reasons:
1- Support in Orange
2- Objective Trendline in blue
3- Divergence on MACD

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