GBPCAD is holding above ascending trendline support. With technical indicators showing room for further bullish upside, a further push up above our 1st support at 1.73312 towards 1st resistance at 1.73818 could be possible.
Trading Recommendation
Entry: 1.73312
Reason for Entry: 38.2% Fibonacci retracement, ascending trendline support
Take Profit: 1.73818
Reason for Take Profit: -61.8% Fibonacci retracement, 100% Fibonacci extension
Stop Loss: 1.72972
Reason for Stop Loss: 76.4% Fibonacci retracement, Graphical swing low.
