GBPCAD Short Analysis
3 month-long trend looks to be recently broken and in retracement mode. It's possible it will dip as far as 61.8 but more likely to reverse back to the upside around 1.666(50% fib), corresponding with the major support area. Looking @ the weekly will better help understand.
Simple and effective
Simple and effective
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.