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long1996

GCad Weekly Analysis

British Pound / Canadian Dollar (FX:GBPCAD)  
long1996  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
Weekly: The pair has previous tested the upside at 1.76 and printed a pin bar (also a new lower high). Subsequently the next candlestick printed a bearish marubozu indicating strong bearish momentum. This signify that the correction rally has ended and the downtrend has resumed.
Bias
Long-term: Short
Short-term: Short
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