GBPCAD since the beginning of the week have been moving bearish and in respect to this, I plan to stick to the trend, the daily and the weekly also shows the bearish trend, and to follow this I expect this pair to retrace to the 50 Exponential moving average and we short to the 800 Exponential moving average.
Note
With the news of yesterday, they wasn't strong movement on the pound Canadian dollar, I want a test on our resistance zone for more short
Trade active
Look at how price is on our area of interest we should be open for any opportunity present at anytime, our target will be 1.69386
CADcanadiancanadiandollarChart PatternsGBPGBPCADgreatbritaingreatbritainpoundTechnical IndicatorspoundTrend Analysis

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