Seems like, GBPCAD has been reaching on the Resistance Zone, If price breaks the Resistance , im expecting to buy when the price make retracement. OR
IF price reject Resistance, then i will Look For Sell on lower time frame.
i could there are few candles rejection on TF H4, in my opinion it will go down after breaking my bottom trendline then i will look for SELL,
But it possible too to make another last new HIGH, then it will go down
there are two of theory analysis:
the first is seems like GBPUSD making head and shoulder in TF H4 and there is possibility to go down after few rejection on the left shoulder.
second is i can see GBPUSD is making bearish channel, so what i would do is to wait price make another HH (High-High) and look for sell if there is any rejection.
What do you guys think?