jamesmargetts

GBPCAD - Long Hold Sell Opportunity

Short
FX:GBPCAD   Livre sterling / Dollar canadien
Potential long-term sell opportunity on this pair, strong bearish pattern currently selling from resistance zone at 1.71. I am expecting price to action a re-test at 1.685 and reject on H4 and daily time frames, to continue bearish movement long-term. If 1.67845 key level is broken in the short-term, there is a strong likelihood that we can expect price to continue to sell to 1.666. Even longer term - if breaks this level, 1.62 would then be targeted with possible potential to reach 1.59. My technical indicators also strongly support this analysis.
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