Looking at GBPCAD
for the upcoming week. Currently in a range on the Daily timeframe
. Weekly we've been seeing lower highs and lower lows. The arrows are just projecting what i can see price doing. A break and retest of the range would incur more bearish
momentum. If this is the case, i'm looking for price to go to around 1.64500. This movement could be a fake out though. As i can see a retest of the bottom of the range stop losses to be hit, and bullish
momentum to ensue. Right now just monitoring this pair. Will give an update if i see a potential trade idea.