Failing at the prior strong resistance. Price currently at a retrace of a prior bearish 4H bar. Ready to move down. SL/TP as on the chart.
GBPCAD Posible future moves to up
Right now, I'm looking for a close below the support levels and maybe a couple of candles to confirm the bearish movements but for now lets wait and see if it drops below to the 1.67397 level
GBPCAD on H4 chart shows an H4 timeframe support with H1 Fibo retr. Also it tests twice it without success. I try to setup a trade at 1.669 with a SL at 1.675 and TP on the H1 Fibo retr at 1.65.
FX:GBPCAD MONTHLY TARGET 1.618 FIB EXTENSION
Expected small sideways correction and than down to the 1.70500