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NEXTIn_Financials

GBPCAD BEARISH MOMENTUM CONTINUATION

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Paun British / Dolar Kanada (FX:GBPCAD)  
NEXTIn_Financials  
FX:GBPCAD   Paun British / Dolar Kanada
Trend Analysis Harmonic Patterns Chart Patterns Contains image
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trendanalysis harmonicpatterns chartpattern containsimage
The pair GBPCAD seems to continue its Bearish momentum considering the fact that price has bounced low from the neckline and bearish divergence is also seen on the charts. Where as the fundamental of the GBP and Seasonality also suggests a downward move from here.

The trade setup is for the sell trade at CMP with risk reward ratio of 1:1.

what are your views about this trade ?
Penafian

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