GBP/CAD 200 pips move downside
Reasons to sell:
-The price is currently at the upper boundary of an upwards ranging channel
-It has created a double top at the key area
-The last three candles have strong bearish pressure
Target:
We will take our profits once the price hits the lower parallel line of the channel.
-The price is currently at the upper boundary of an upwards ranging channel
-It has created a double top at the key area
-The last three candles have strong bearish pressure
Target:
We will take our profits once the price hits the lower parallel line of the channel.