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BUY GBPCAD @ 1.7726 ~ BUY SL - 1.7646 TP1 - 1.7746 | Forex Trading Lions

BUY

GBPCAD @ 1.7726 ~ BUY

SL - 1.7646

TP1 - 1.7746

TP2 - 1.7786

TP3 - 1.7906

Okay so we had a recent bullish engulfing candle showing bullish momentum.

Generally Speaking this trade has been trending towards the upside due to the lack of strength in CAD, GBP overall has been a dominant currency pair for the past week or so.

The only negatives I can think off is RSI near the overbought level which could mean a pullback, its also near a weekly area of resistance, but I do think we will re-test it so there is profit to be made