Monthly Time Frame
GBPCAD is looking like it is setting up to be a possible swing trade to the downside.
Price has been respecting this zone for a few months
price is in an overall downtrend
as of now with 10 days left in this month, price may be looking to move to the downside
-makeshift head and shoulder pattern
-double top
I'll update this soon... As of now im confident, this will be a nice bearish move. When will this happen, not sure but patience is key, this pair is on stand buy at the moment.
GBPCAD is looking like it is setting up to be a possible swing trade to the downside.
Price has been respecting this zone for a few months
price is in an overall downtrend
as of now with 10 days left in this month, price may be looking to move to the downside
-makeshift head and shoulder pattern
-double top
I'll update this soon... As of now im confident, this will be a nice bearish move. When will this happen, not sure but patience is key, this pair is on stand buy at the moment.