13.05.2020
The 1.7200 support level is holding back sellers. Awesome Oscillator indicator shows bullish divergence, while Stochastic Oscillator signals oversoldness. The currency pair is trading in the upper bound of the descending price channel.
Trading recommendations:
Buy while an ascending 1-2-3 pattern is forming, where wave 1 breaks through the upper border of the descending price channel.
Stop loss under the support level 1.7200.
Target levels: 1.7480; 1.7680.
The GBPCAD rate online: monitor the movement of the pair in real time.
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