Potential bullish rise?

3 thg 9

GBP/CAD has reacted off the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could rise from this level to our take profit.

Entry: 1.7696
Why we like it:
There is a pullback support that aligns with the 38.2% Fibonacci retracement.

Stop loss: 1.7638
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.

Take profit: 1.7829
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.

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