GBPCAD ON A BEARISH MOVE

GBPCAD made a bearish impulse from 1.69000 to 1.66000 breaking key support level at 1.68000. During correction on the impulse price made a rejection at the Golden ratio (61.8%) which was in confluence with the supply zone on the 4hr TF. From here we can look entry on smaller TF with TP at 1.64780.
FibonacciSupply and DemandSupport and Resistance

Disclaimer