according to GBPCAD technical analysis , I predict this pair have BULLISH TREND.
the price is break Resistance and Trend Line and it is Flying Up side with having the Long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels
I suggest to take LONG position at -- 1.6340
target take profit at -- 1.6383
target stop loss at -- 1.6303
time frame that is considered while making support and resistance levels – Daily and Weekly time frame,
consider the daily economic news before taking the trade.
money management is very effective for getting profits with stop loss and take profits method with current trading position.