Usually, the definition of a rising trend is that each new rise will be higher than the previous one and so on, here it does not happen. The price does not succeed in breaching the resistance in the price area 1.7760, but what is going on here is after each increase of the gbpcad comes a correction that is smaller than the previous correction And so on, which is a positive sign of an upward trend! Our recommendation is buying
Buy GBP/CAD:
Entry price:1.7658
Take profit: 1.7740
Stop Loss: 1.76
Buy GBP/CAD:
Entry price:1.7658
Take profit: 1.7740
Stop Loss: 1.76