GBP/CAD ANALYSIS (long term)
Hi traders :) I'm Guario and this is a forecast about GBP/CAD possible future price action. As we can see from the chart the pair has jus reached a very strong resistance down trendline and a bounce off it has just occurred. Stochastic oscillator is in the overbought area ( red rectangle) giving us an other bearish signal. I suggest to wait the price break the volumetric level of 1.7021 before opening any short position. Look at the chart for possible stop and target levels. Write me in the comments for any question, thought or critic. Good luck :)
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