GBPCAD: Bearish Wave Confirmed?! 🇬🇧🇨🇦
https://www.tradingview.com/x/spLnnTbi/
GBPCAD is trading in a long-term bearish trend.
After the last bearish wave, we see a correctional movement on a daily.
The price reached a key horizontal resistance cluster.
After the test of the underlined blue area,
the pair started to consolidate on a 4H time frame
and then it broke a support line of a rising wedge pattern.
It may indicate that the market returns to a global bearish trend.
I anticipate a bearish movement at least to 1.7028
❤️Please, support my work with like, thank you!❤️
GBPCAD is trading in a long-term bearish trend.
After the last bearish wave, we see a correctional movement on a daily.
The price reached a key horizontal resistance cluster.
After the test of the underlined blue area,
the pair started to consolidate on a 4H time frame
and then it broke a support line of a rising wedge pattern.
It may indicate that the market returns to a global bearish trend.
I anticipate a bearish movement at least to 1.7028
❤️Please, support my work with like, thank you!❤️
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