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TheSignalyst

GBPCAD waiting for the breakout to buy

Sterlina / Dollaro canadese (FX:GBPCAD)  
TheSignalyst  
FX:GBPCAD   Sterlina / Dollaro canadese
Trend Analysis Chart Patterns Technical Indicators GBPCAD Forex trading buy support Divergence trendfollowing reversal rejection
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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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