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GBP/CAD BEARS WILL DOMINATE THE MARKET|SHORT

Short
Livre sterling / Dollar canadien (FX:GBPCAD)  
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FX:GBPCAD   Livre sterling / Dollar canadien
Trend Analysis Chart Patterns Wave Analysis GBPCAD short SELL trading Bearish Patterns Forex forecast techincalanalysis Contains image
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Hello,Friends!

The BB upper band is nearby so GBP-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.709.

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Commentaire:
We are seeing a good move already so we will keep the trade running!
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