Mihai_Iacob

GbpCad- Correction seems over. 1.6 next?

Short
OANDA:GBPCAD   Livre sterling / Dollar canadien
A few days back I drew attention to the possibility of reversal for GbpAud from the strong level of resistance.
After a hanging man on Friday and a strong red day yesterday, the pair looks ready to resume its down move.
As long as the pair is under 1.6750-168 zone there are high chances of a drop to 1.6 support and also, such a trade could have a good R:R

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