Hello and welcome to my Trade Idea of the currency pair GBP/CAD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is bearish. In the last 3 months you could see 3 big filled candles.
Weekly: On weekly we see a very strong bearish trend.
Daily: On the daily timeframe we see a consolidation and a safely resistance area.
H4: We draw the counter trendline on the h4 timeframe and expect a push to the downside.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is bearish. In the last 3 months you could see 3 big filled candles.
Weekly: On weekly we see a very strong bearish trend.
Daily: On the daily timeframe we see a consolidation and a safely resistance area.
H4: We draw the counter trendline on the h4 timeframe and expect a push to the downside.
Have a nice day.