GBPCAD: Key Weekly Structure Ahead 🇬🇧🇨🇦

18 Mac 2022

Hey traders,

GBPCAD is very close to 2 years' low.
With a high probability, we will see a pullback from that structure.

To catch it with a confirmation watch a falling parallel channel on 4H time frame.
Let the price reach the underlined potential reversal zone first
and then wait for a 4H candle close above its resistance.

Then a bullish continuation will be expected to 1.6775 / 1.6915

In case of a bearish breakout of the underlined weekly structure,
the market will drop lower most likely.

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