GBPCAD: Bears Strong, More downside To Be Seen! #Forex
Traders,
Strong bearish kicker on the weekend gap shows a strong bearish conviction on the pair. The fact it was actually rallying before the kicker shows a massive change of investor sentiment, and means something has dramatically changed for this to happen. Expecting some strong downside to continue here, into the lows. Price very nicely kicked right at the support/resistance level giving a great reliable action level to short.
Strong bearish kicker on the weekend gap shows a strong bearish conviction on the pair. The fact it was actually rallying before the kicker shows a massive change of investor sentiment, and means something has dramatically changed for this to happen. Expecting some strong downside to continue here, into the lows. Price very nicely kicked right at the support/resistance level giving a great reliable action level to short.
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