GBP/CAD Expecting a Bearish Move
🔸DAILY CHART EXPLANATION:
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🔸Price bounced at the Resistance Zone and started a strong downside move after that.
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🔸It has broken the Ascending Trendline.
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🔸We consider that this pair has bearish potential towards the Major Support Zone in the long term, however, we need to be careful with the middle Support Zones in case we decide to short trade.
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🔸 Will look for a lower timeframe bearish setup.
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🔸Price bounced at the Resistance Zone and started a strong downside move after that.
.
🔸It has broken the Ascending Trendline.
.
🔸We consider that this pair has bearish potential towards the Major Support Zone in the long term, however, we need to be careful with the middle Support Zones in case we decide to short trade.
.
🔸 Will look for a lower timeframe bearish setup.
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