GBPCAD - Expecting Further Downside
Expecting further downside from here.
Price created a double top, the ascending trend line has now been broken and we have a solid closure below structure (1.6195) and the 4 hour 50ema.
I'd like to see a push lower with entry's taken upon a retest of previous support (now resistance).
Alternatively we may see price pop higher and retest the 4 hour 50 before rolling over.
Instagram: @TheTravelTrader (www.instagram.com/thetraveltrader)
Twitter: @fx_ollie (twitter.com/fx_ollie)
Price created a double top, the ascending trend line has now been broken and we have a solid closure below structure (1.6195) and the 4 hour 50ema.
I'd like to see a push lower with entry's taken upon a retest of previous support (now resistance).
Alternatively we may see price pop higher and retest the 4 hour 50 before rolling over.
Instagram: @TheTravelTrader (www.instagram.com/thetraveltrader)
Twitter: @fx_ollie (twitter.com/fx_ollie)