We're currently analyzing the 30M timeframe of GBPCAD, where the market price is forming a range. The key question is: which direction will the price break?
1: If the price breaks upwards, we'll enter a buy trade, targeting 1.77880.
2:If it breaks downwards, we’ll look to execute a sell trade, with targets at 1.76510 and 1.76260.
Candle confirmation is essential, and we'll only execute the trade once we have that confirmation in hand.
Always use stoploss for your trade.
Always use proper money management and proper R:R ratio.
#GBPCAD 30M Technical Analyze Expected Move.