amanpaulbhogal
Short

GBP/CAD looks to resume downward leg

FX:GBPCAD   British Pound / Canadian Dollar
After a break below ~1.8150 and a strong move down price has retraced back to and rejected the ~1.8150 area with the 0.618 Fibonacci level being in spitting distance of it, and the 50 ema as well with a close below. Stochastic and RSI indicate convergence.

Entry - below today's bearish bar
Stop loss - above today's bearish bar
Target - initial profit taking area at previous low (1.7534)
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