Next week GBPCAD long setup

After the huge sell-off that occurred on the pair, it looks like it was oversold because you can see big buyers candles to get back above the daily support level. The price is now moving in a range but has some potential to break to the upside because the pair is still in an upward trend on the daily timeframe.

The ideal long entry would be on another retest of the support with a 4R potential to the second resistance. OR safe plan, enter long after the breakout of the range.

Retail sentiment: neutral

Trade ist aktiv:

entry at 1.6680 this morning
tp 1.69
sl 1.6515