The GBP/CAD Monthly time frame is in an up channel.
The market is hitting a future high price to where the
market could push back down towards support price
point 1.6700 about +834 Pips away. If the market
pushes above the future high price the market can
push all the way towards the top of the channel
price point 1.8770 about +1,240 Pips away.
I am going to turn to the daily time frame and as the
market holds at the current high price 1.7530 I will
look for high prices to sell towards the monthly
future support price point 1.6700 about +834 Pips away
The GBP/CAD Daily time frame is hitting
the top of the channel. The market is
showing signs of a bearish push towards
the bottom of the channel price point 1.7000
about +525 Pips away. I am going to turn to
the one hour time frame and will look for
counter trend line breaks bearish towards
price point 1.7000 about +525 Pips away
The market is hitting a future high price to where the
market could push back down towards support price
point 1.6700 about +834 Pips away. If the market
pushes above the future high price the market can
push all the way towards the top of the channel
price point 1.8770 about +1,240 Pips away.
I am going to turn to the daily time frame and as the
market holds at the current high price 1.7530 I will
look for high prices to sell towards the monthly
future support price point 1.6700 about +834 Pips away
The GBP/CAD Daily time frame is hitting
the top of the channel. The market is
showing signs of a bearish push towards
the bottom of the channel price point 1.7000
about +525 Pips away. I am going to turn to
the one hour time frame and will look for
counter trend line breaks bearish towards
price point 1.7000 about +525 Pips away