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GBP/CAD BEARS WILL DOMINATE THE MARKET|SHORT

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Paun British / Dolar Kanada (FX:GBPCAD)  
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FX:GBPCAD   Paun British / Dolar Kanada
Trend Analysis Chart Patterns Wave Analysis GBPCAD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

GBP/CAD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.675.

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Penafian

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