thegrowmoneymovement

GBPCAD - LONG TERM POSSIBLE OUTLOOK

Short
FX:GBPCAD   Livre sterling / Dollar canadien
6
Noticed what looks to be a Head and Shoulders pattern followed by a break in structure finding support at 1.574 closer to the end of Brexit. We are now in the middle of slight correction bringing us back toward at least a 50% retracement. RSI doesnt give us much in terms of GC being oversold but other than that everything lines up for great long term opportunity to get short some time soon, thats IF, this simple analyst is correct. Well see...

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