- gap fill - Brexit uncertainty weighing on the pound - rejection from previous supply zone - 61.8 rejection
- consolidation and rejection from support - trendline rejection,
- broken structure - 61.8 fib rejection - break and retest if trendline - rejection of daily close
- rejected resistance -break and retouch of trendline - downtrend
- bounce from minor support - oil prices rebounding helping the cad - positive risk tone
- break and retest on higher time frame trend line - numerous rejections from descending trendline - previous rejection from 61.8 fib - low oil prices continuing to weigh on cad
- retest and bounce from previous swing high - respecting trendline - positive risk tone pushing Aussie higher - yen weakness
Good opportunity presenting itself on this pair. Third bounce from the trendline, 61.8 rejection, fundamentally GBP has a bearish outlook
Break of counter trendline , retest of middle on M pattern