GBPCAD: Continued downside after period of consolidation.

Short

British Pound / Canadian Dollar (OANDA:GBPCAD)

OANDA:GBPCAD British Pound / Canadian Dollar

Support and Resistance Supply and Demand Candlestick Analysis

supportandresistance supplyanddemand candlestick

Similar analysis to GBPAUD. Yesterdays daily candle has closed as a bearish engulfing candle and has broken the lows of support. I'm expecting continued downside until the previous support level.

TARGETS: 1.683
ENTRY: 1.71
STOP LOSS: 1.724

YEARN-FOREX

Related Ideas

about GBPAUD

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