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NullForex
Aug 24, 2020 3:15 AM

GBP/CAD - Bearish Forecast Short

British Pound/Canadian DollarFXCM

Description

Price has been down trending for a couple of weeks now and has reached a bullish TL, price has repeatedly retested a supply zone with repeated injections of sell pressure for an eventual creation of a double top to break the bullish TL and is now freefalling. Price will most likely start its consolidating phase which could eventually reach back up near supply (entry at LQD.exe) for a final retest to initiate shorts all the way down to the nearest demand area for a range of ~300 pips
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