The bias for GBPCAD Chart Technical Outlook is neutral. Prices have completed a five-wave bearish structure at a support zone from February. Intraday charts are showing oversold and bullish divergence. There is a scope for an upside-leg toward the non-tested POC from last week (liquidity zone). The break above yesterday’s high confirms the bottom.
Trade Plan (live): bought GBP/CAD at 1.7077
bought at CMP
SL 1.7042
TP 1.7142 (3R)
