Firstly, GBPCAD is on a very important price key level on a 4hour time frame in which market is expected to come down based on technical overview. Clearly, on a 4hour time frame GBPCAD is on an upward trend, checking 1hour time frame a have a trend reversal pateern( Head and shoulder ). Our sell bias will only become valid upon the break of the neckline....
Formation of a potential head and shoulder on GBPUSD on 1hr time frame. The head and shoulder is a trend reversal signal which has been formed on a resistance level. A short signal was also spotted on volume analytics.
