The British pound has been facing a lot of pressure downwards lately because of the current on going news.
Yet, be aware, downtrend could be ending very soon, the attached chart shows the Weekly time frame for the GBPCAD pair, and as you can see the downward channel has not been broken yet.
As you can see also the RSI has pushed beyond its low positions which shall as well support the trend reversal pattern.
Potential trend reverse from the current prices could lead to 1.65 - 1.68 area again.
Trade with extreme careful, wait for price action (top to be broken on lower timeframe) and enter this trade.
Yet, be aware, downtrend could be ending very soon, the attached chart shows the Weekly time frame for the GBPCAD pair, and as you can see the downward channel has not been broken yet.
As you can see also the RSI has pushed beyond its low positions which shall as well support the trend reversal pattern.
Potential trend reverse from the current prices could lead to 1.65 - 1.68 area again.
Trade with extreme careful, wait for price action (top to be broken on lower timeframe) and enter this trade.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.