GBPCAD is Bearish
Price was in a strong uptrend, however a bearish divergence led to the break of previous higher low indicating control of bears on price action. If the momentum sustains then we can expect further drop in price as per Dow theory. Targets are mentioned on the chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.