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GBPCAD bearish crab

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
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FX:GBPCAD   British Pound / Canadian Dollar
GBPCAD Bearish Crab Double Bottom
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gbpcad bearishcrab doublebottom
After a double bottom formed above 1.85, there is a pretty good chance that PA will make the break of daily trendline and continue above 1.88. Should this happen look for bearish crab completion above 1.91. Failing to do so, a visit to 1.85 lows is very likely.

Since WTI price has a great impact on CAD, drop in oil price would weaken CAD and longing GBPCAD would be the choice.
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