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Bullandbeartrading

GBP/CAD Trade Idea

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
Bullandbeartrading  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBPCAD short Forex swingtrade countertrendline
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trendanalysis chartpattern indicator gbpcad short forex swingtrade countertrendline
Hello and welcome to my Trade Idea of the currency pair GBP/CAD.

Lets start with the Top Down Analysis.


Monthly: The monthly timeframe is in a strong downtrend.

Weekly: Weekly is very bearish too.

Daily: We see on the daily timeframe a bullish trend but the possibilities are there that the price will fall.

H4: Here we draw the counter trendline and wait for a confirmed breakout.


Have a nice day.
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