GBP/CAD Waiting for a Bearish Breakout
🔸DAILY CHART EXPLANATION:
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🔸Price broke the Major Ascending Trendline.
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🔸It has been consolidating on the edge for a couple of months.
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🔸If there is a bearish breakout, we consider that the potential bearish move can reach the Support Zone at 1.6600.
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🔸Will look for a lower timeframe bearish setup if that breakout happens.
.
.
🔸Price broke the Major Ascending Trendline.
.
🔸It has been consolidating on the edge for a couple of months.
.
🔸If there is a bearish breakout, we consider that the potential bearish move can reach the Support Zone at 1.6600.
.
🔸Will look for a lower timeframe bearish setup if that breakout happens.
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