GBP/CAD Short Double top Lower high

٨ أبريل ٢٠١٧

After weeks of consolidation price finally broke out to the upside only to form a double top at previous support turned resistance. The second high of the double top is a LH signaling a trend change back to the bearish side. The monthly chart looks to be way overextended to the downside and a pullback is overdue. Will be looking for possible bullish HL to develop after this run down.

*Trading through the daily 49EMA and recent support is not recommended, wait for clean break.