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
โค๏ธPlease, support my work with like, thank you!โค๏ธ
โ
Join My Telegram Channel: t.me/VasilyTrading
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ