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GBP/CAD SENDS CLEAR BEARISH SIGNALS|SHORT

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Brittiska pund/Kanadensiska dollar (FX:GBPCAD)  
EliteTradingSignals Uppdaterad   
FX:GBPCAD   Brittiska pund/Kanadensiska dollar
Trend Analysis Chart Patterns Wave Analysis GBPCAD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis gbpcad short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

GBP/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.708 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.

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I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!
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