DeGRAM | GBPCAD divergence at the resistance level

GBPCAD market is trading in an ascending channel, and it created divergence at the resistance.

Price made a double top at resistance and created an engulfing candle.

On the daily chart, the price is actually at resistance, so it will be harder to break through it.

We expect a pullback to the support level that perfectly lines up with the 50.0% fibo level.



-------------------

Share your opinion in the comments and support the idea with like. Thanks for your support!