GBPCAD: Overbought Market, & Correctional MovementI believe the 📉GBPCAD pair is showing signs of being overbought.
On the 4-hour chart, there is a descending triangle pattern with the neckline being broken and a 4H candle closing below it.
This could indicate a correctional movement coming soon.
Targets for this correctional movement are at 1.8506 and 1.8446.