themarketzone

Trend line resistance - Are we going down from here?

FX:GBPCAD   British Pound/Canadian Dollar
The $AUDUSD setup I've posted in the Weekly Markets Analysis is already up by about 100 pips!
Will this Weekly Markets Analysis setup work as well?
$GBPCAD             is meeting a broken trading channel bottom. This area should act as resistance and indeed we saw last Friday, a daily Pinbar at the close.
1.78 is the initial target level for a bearish position

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http://marketzone.tumblr.com/post/103992784925/weekly-markets-analysis-30-11-14
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