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ThinkingAntsOk

GBP/CAD Bearish View by ThinkingAntsOk

Short
Livre sterling / Dollar canadien (FX:GBPCAD)  
ThinkingAntsOk  
FX:GBPCAD   Livre sterling / Dollar canadien
Trend Analysis Support and Resistance Multiple Time Frame Analysis GBP CAD GBPCAD short analysis setup Bearish Patterns
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trendanalysis supportandresistance mtfa gbp cad gbpcad short analysis setup bearish
🔸 DAILY CHART EXPLANATION:
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🔸 Price bounced at the Ascending Trendline some weeks ago.
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🔸 However, we can see that the bounce was very week, and it has been broken to the downside.
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🔸 The target of the downside move is the Support Zone at 1.5900. Be careful with the middle support at 1.6600.
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🔸 Will look for lower timeframe bearish setup.

🔸4H CHART ANALYSIS:

snapshot

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