GBPCAD - The higher timeframe is suggestive that we are in overall relief(liquidation) waiting to go up. However, current momentum is still to the downside. Recent price action is suggesting exhausted price action , showing a reversal pattern.
If we are to break the zone marked and form a continuation pattern we can expect price to visit the tops directed.
If we break the last daily support , we can expect price to go down to the 4H support level marked. We will require a continuation pattern here too.
trade safe!
Sunny
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Hunting for the sell now. Lets see - need a continuation confirmation on the lower 1H timeframe before taking this to the downside.