GBPCAD Will Go Up! Buy!

Please, check our technical outlook for GBPCAD.

Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is testing a major horizontal structure 1.686.

Taking into consideration the structure & trend analysis, I believe that the market will reach 1.695 level soon.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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עסקה סגורה: הגיע לסטופ:

That was an excellent trade and the target was reached too!