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adamh20

GBPCAD Short Opportunity!

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
adamh20  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBP CAD GBPCAD gbpcadshort
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trendanalysis chartpattern indicator gbp cad gbpcad gbpcadshort
Diagonal support has been tested several times since March 19, as GBPCAD continues in its uptrend.

I expect it to soon hit the horizontal resistance at the 1.74 level before reversing towards former support levels, as shown.

A good entry could be after the H4 candle confirming a rejection of the horizontal resistance.


Let me know what you think!
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