GBPCAD - Trend-Following Buy Setup!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

GBPCAD is overall bullish trading inside the rising channel in red.

Moreover, the zone 1.68 is a support zone .

🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline.

As per my trading style:
As GBPCAD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich