nakedchartist
Short

GBPCAD at the neckline retest pending start of bear reversal

FX:GBPCAD   British Pound/Canadian Dollar
GBPCAD             is currently at the 5 months low resistance which functions as a neckline.
I have a h1 channel macd setup and should price plunge below yesterday low, it will signify the completion of a slanted hns and a completion of a flush of 4 weeks high.

Then it may be the start of a nice ride down.
nakedchartist
2 years ago
Finally price has dropped below the zone of support pointed out. I believe this is bear phase now for trend continuation.
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