Price is currently bouncing off a resistance that it has previously touched, and with the RSI being overbought there is a possibilty of long drop as previous.
This week has been mad especially with this pair. But price is currently reaching a resistance as it meets with the end of a trend line, and also previous resistance that was tested before. With the US Dollar reaching one of it's biggest lows in a while and is currently oversold on the RSI, along with gold reaching an all time high in 10 years and being...
GBP/CAD has broken the wedge that i had analysed on my last idea and is heading towards a resistance. It is currently overbought so possible drop back down and pull back to resistance. Possible short and long entries.
The chart is currently showing a couple of higher lows into resistance and lower highs into support, forming a wedge . Good possibility of a huge drop in price or huge jump in price. Possible entry points and take profit points.