GBPCAD is position at price @ 1.6837 for a bear run .
With price around @ 1.7048 I see a bearish move to the downside with a target at price @1.6853 and price @ 1.6837
I am bearish until the price reaches @ 1.6837
Good Luck Traders.
expecting a bullish leg to complete a 5 motive wave on this chart.
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With over 170pips in our direction since my last publication (see link below for reference purpose), the British Pound appears to begin a new wave of Bullish run as it completes a 50% retracement at Demand zone (neckline) since Breakout occurred at the beginning of the month (July 2020).
Tendency: Uptrend ( Bullish )
Structure: Double Bottom...
GBPCAD is in very good position to give us around 200 confirm pips but you have to wait until it breaks its resistance at 1.75076 and when it retest there will be 100% confirm buy entry you can enter with normal lots and you can take profit at 1.77264