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naumankq

GBPCAD in bearish trend.

Short
British Pound / Canadian Dollar (OANDA:GBPCAD)  
naumankq  
OANDA:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBPCAD 1h dowtheory Contains image
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trendanalysis chartpattern indicator gbpcad 1h dowtheory containsimage
GBPCAD is in bearish trend and printing LH and LL. There is no divergence on 1H timeframe at the moment. Oil prices are also on the rise which will probably strengthen CAD resulting in further bearish trend.

Sellers will be in control once support level of 1.66593 is broken. It will get retested and then hopefully, will go further down to 1.66067.
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