GBP/CAD Bullish View after the Bearish Fakeout
🔸DAILY CHART EXPLANATION:
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🔸Price broke the Ascending Trendline, however, it could not stay below.
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🔸Instead, it has broken the Trendline to the upside.
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🔸Before considering any long position, we are waiting for a break of the previous higher low on a lower timeframe to confirm the direction.
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🔸 Will look for a lower timeframe bullish setup.
🔸4H CHART ANALYSIS:
.
.
🔸Price broke the Ascending Trendline, however, it could not stay below.
.
🔸Instead, it has broken the Trendline to the upside.
.
🔸Before considering any long position, we are waiting for a break of the previous higher low on a lower timeframe to confirm the direction.
.
🔸 Will look for a lower timeframe bullish setup.
🔸4H CHART ANALYSIS:
Penafian
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