lodrickthomas

GBPCAD Bearish Idea (Weekly Timeframe)

Short
FX:GBPCAD   British Pound / Canadian Dollar
For the past two weeks, we observed CAD weakness against several currencies including the Pound! As far as GBPCAD goes we are approaching a very important zone! A zone that stood steadily against bears since March this year!

The bears' dominance is subjected to lower timeframe price action, especially on H4 and H1! Any reversal pattern or candlestick formation will be taken as confirmation for bears' dominance!