For my own educational purposes only, not a signal!
On H4 GBPCAD is in an overall uptrend. Just touched the trendline, from which there were several up-bounces.
In addition to that, an AB=CD pattern has emerged. So, if the trend continues and does not break the upward trendline,
I expect the GBPCAD to rise towards 1.74200 levels.
If the trendline is broken downwards, then obviously the long trade is invalid.
On H4 GBPCAD is in an overall uptrend. Just touched the trendline, from which there were several up-bounces.
In addition to that, an AB=CD pattern has emerged. So, if the trend continues and does not break the upward trendline,
I expect the GBPCAD to rise towards 1.74200 levels.
If the trendline is broken downwards, then obviously the long trade is invalid.