GBPCAD nowhere else to go but low. After an impulsive move in a ny direction i expect a pull back as profit taking and opposing traders lose and exit the market volume also goes down, further slowing down the market and supporting a turn around.
Expecting Sept 12 news to hold up through this Thursday and Friday USD news. If USD news is negative EURUSD should use this bullish divergence to reverse trend.
Based off consolidation between 71 and 35, there may be opportunities at either levels. Levels can expected to be broken as it is early in the week, session liquidity and 3 major news events.
Simply looking to enter a Buy position around 1.15628 - 1.15495 Zone (23.4pips). In the Zone specified I will note entry signals such as engulfing candles and large wicks. Another technical indicator of price reversal is the RSI(14) divergence towards the end of Sept '21. Target is 1.16075 (35pips). Be patient.