GBPCAD - BUY

GBPCAD is in a bullish trend according to DOW Theory making higher highs and higher lows. The trend is also respecting the trendline which furthur validate the uptrend. There is no divergence on RSI as of yet to conclude a trend reversal. Additionally, the next resistance level is around TP1 so we can see a move towards TP1 if it breaks the previous High. After TP1 is hit, move the SL of the second trade to Breakeven so the overall trade is in profit if the trend reverses.