British Pound / Canadian Dollar
Short
Updated

GBPCAD: Consolidation Trading 🇬🇧🇨🇦

792
snapshot

Hey traders,

GBPCAD is trading within a wide horizontal trading range.
Last week its resistance was reached.
The price formed a double top formation on that.

Taking into consideration that the market is trading in sideways,
chances are high that the price will drop.

Goals:
1.7115
1.706

❤️Please, support this idea with a like and comment!❤️
Note
Check my new analysis on AUDNZD:
AUDNZD: Potential Structure Trade 🇦🇺🇳🇿

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.