GBPCAD: TECHNICAL ANALYSIS

GBPCAD gave us great satisfaction during 2015:
- Our view was: BULLISH
- Oue Setup was: BULLISH (in three Part)

Part. 1 (If you liked this chart, please click on "I Like" button)

Part. 2 (If you liked this chart, please click on "I Like" button)

Part. 3 (If you liked this chart, please click on "I Like" button)

2016 VIEW (Analysis & Setup)
- Our view was: BEARISH
- Oue Setup was: BEARISH

The pair, after reaching our bullish TARGET FLAG, has tried three times a bullish brakout, but without success.
Thanks to our careful analysis of the resistance at the beginning of 2016 we opened short position and we followed the potential bearish leg, and this happened!

- ANALYSIS -

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- SETUP -

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NOTE: Keeping in mind the "DOUBLE TOP", we could expect a bearish consolidation:

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Now we need calm and patience, because in the coming days, this pair could develop continuation or reversal pattern on minor Time Frame (Daily and H4).
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SignalSwiss
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