GBPCAD- BULLISH CONTINUATION.

Still following market rules that the market move more on Monday and early Tuesday to the direction it closed of Friday.
Last week we talked about the CUP&HANDLE chart pattern found on the 4hours time frame of GBPCAD chart.
We advised all traders to wait for a valid breakout and validity of the pattern, which will require that price must breakout to the upside of the horizontal resistance. Based on the previous analysis of last week, price is yet to breakout: https://www.tradingview.com/chart/GBPCAD/VDCzhwvz-GBPCAD-Bullish-continuation/
Price broke out and reached the first target at 1.71619. Now the Horizontal resistance will now turn to the new support level.
Target back to the upside after throwback is the retest of the target at 1.71619 up to 1.73871.
WAIT FOR THE REBOUND.
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Ideas published should not be referred to as an investment advice.