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GBPCAD: Bearish Outlook

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Paun British / Dolar Kanada (OANDA:GBPCAD)  
VasilyTrader  
OANDA:GBPCAD   Paun British / Dolar Kanada
Trend Analysis Wave Analysis Chart Patterns Forex trading Technical Analysis GBP CAD GBPCAD pound canadiandollar market
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trendanalysis waveanalysis chartpattern forex trading technicalanalysis gbp cad gbpcad pound canadiandollar market
snapshot

answering questions about GBPCAD
I currently don't have any active positions on this pair,
however,
I am very bearish on GBPCAD at the moment.

first of all, the pair has recently formed a beautiful double top with rsi divergence.

In addition to that, the pair is trading on a strong level of horizontal resistance in conjunction with
a resistance line of the expanding wedge .

So I believe that the price still has the potential to drop at least to 1.67 level.
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