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GBPCAD potential basing pattern?

Panjang
Paun British / Dolar Kanada (FX:GBPCAD)  
Uncharted-FX  
FX:GBPCAD   Paun British / Dolar Kanada
Trend Analysis Support and Resistance Supply and Demand GBPCAD Forex forexsignals forextrading forextrader
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trendanalysis supportandresistance supplyanddemand gbpcad forex forexsignals forextrading forextrader
GBPCAD has had a prolonged downtrend, and is failing to make new lower highs and lower lows. A sign the trend may be exhausting at the 1.6000 zone.

Will assess the trade once we get a nice break and close above the 1.6090 zone. Be patient.

If you zoom out on the daily chart, you can see we are not really at a big support level. This big support level is actually lower at 1.5850 zone. If we break into new lower lows, look for support to come at this zone.
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