LT 30 pips
CAD has been exhibiting strength. GBPCAD broke through structure and then closed below on momentum. The next candle shows immediate rejection of the structure area demonstrating the bearish control. The next candle although it had great bullish strength behind it, it failed to close above the previous candle to create a new high. Price should continue down to the next level.
CAD has been exhibiting strength. GBPCAD broke through structure and then closed below on momentum. The next candle shows immediate rejection of the structure area demonstrating the bearish control. The next candle although it had great bullish strength behind it, it failed to close above the previous candle to create a new high. Price should continue down to the next level.