GBPCAD: Bearish Outlook

8 Kas 2019

answering questions about GBPCAD
I currently don't have any active positions on this pair,
however,
I am very bearish on GBPCAD at the moment.

first of all, the pair has recently formed a beautiful double top with rsi divergence.

In addition to that, the pair is trading on a strong level of horizontal resistance in conjunction with
a resistance line of the expanding wedge.

So I believe that the price still has the potential to drop at least to 1.67 level.