GBP/CAD Analysis, Chart, and Trading Idea

Analytics for XAG/USD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The 'Triple bottom' pattern is forming at the H4 timeframe. The descending truncated wave structure finished with the breach of a sloping channel. There is a bullish divergence at the in the Awesome Oscillator.
 

Trading idea:

Buy at the breach of 1.6165;

Stop-loss: 1.6078;

Target price levels: 1.6260, 1.6320.