GBPCAD
GBP/CAD is currently retesting the neckline of a head and shoulders pattern, signaling a potential bearish move. We anticipate further downside momentum during the Asian, London, and New York sessions tomorrow. Rejections to the upside, marked by pin bars and bearish engulfing candles, strengthen the likelihood of a drop. Traders should watch for confirmation and manage risk accordingly.
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.