GBPCAD: Very Bearish Setup 🇬🇧🇨🇦

٧ ديسمبر ٢٠٢١

GBPCAD leaves various bearish clues:
At the end of November, the pair reached a major daily structure resistance area,
formed a head and shoulders pattern on that and then broke and closed below a support line of a rising wedge pattern
breaking h&s's neckline as well.

Now I expect a fall at least to 1.675 level.

For entries, consider the occasional retest.

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٨ ديسمبر ٢٠٢١

ملاحظة

Check my new analysis on CADCHF: