GBPCAD CONTINUES BEARISH MOVE

2 May 2022

GBPCAD made a bearish impulse last week from 1.64000 to 1.6000 breaking support now turned resistance at 1.63000 and ended it with retracement to the 50% of the fib pulled on the impulse. Looking at it from 4hr TF we can see a double top created signifying bear's strength. Scaling down to the smaller TF we can look for entry with TP at 1.58000.