YGForex
Long

GBPCAD Analysis. What to expect???

FX:GBPCAD   British Pound / Canadian Dollar
As of now, I am seeing a nice BULLISH opportunity for GBPCAD . We witnessed 2 rejection off 1.6985 price level signaling to us that BEARISH strength is weakening. Not only that, looking at price action BEARISH candles are not showing any form of BEARISH continuation. I will expect to see a 50.0 fib level retracement as of now where we can see price movement moving towards the ichi cloud. As of now, I am seeing a LONG opportunity but do look out where price heads towards ichi cloud. No direction is confirmed as of now till we see a clear breakthrough or price rejection off that level.

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