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Pika7993

Short forecast

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
Pika7993  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBPCAD
5
0
trendanalysis chartpattern indicator gbpcad
We see trend has broken out of channel but was rejected at a strong resistance (1.73800) I will wait for the MACD line to cross down on signal to push the trend back into support/ resistance channel to confirm strong sell in play.

RSI is in a respectable overbought zone to further confirm sell.

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Pika7993
Late entry possible 25 pips
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