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AlkalineFX

GBPCAD: Stuck at Structure

Short
Livre sterling / Dollar canadien (FX:GBPCAD)  
AlkalineFX  
FX:GBPCAD   Livre sterling / Dollar canadien
Trend Analysis Technical Indicators Chart Patterns GBPCAD gbpcadshort gbpcadlong gbpcadanalysis gbpcadforecast gbpcadsell gbpcadbuy gbpcadidea
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trendanalysis indicator chartpattern gbpcad gbpcadshort gbpcadlong gbpcadanalysis gbpcadforecast gbpcadsell gbpcadbuy gbpcadidea
This pair is utilising the previous supportive region as new resistance, price seems to be stuck.

The indecision is creating buying and selling pressure in the consolidation zone.

Personally, I would like to see a sell from here to lure more shorts into the market before we bounce at the low for long term buys to break the key structure.

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