GBPCAD: Classic Top-Down Trading Setup 🇬🇧🇨🇦

Short

British Pound / Canadian Dollar (OANDA:GBPCAD)

OANDA:GBPCAD British Pound / Canadian Dollar

Multiple Time Frame Analysis Supply and Demand Double Top or Bottom GBPCAD GBP CAD pound canadiandollar priceaction priceactionanalysis

mtfa supplyanddemand doubletoporbottom gbpcad gbp cad pound canadiandollar priceaction priceactionanalysis

snapshot

GBPCAD broke a key daily structure support.
Now we see its retest.

Analyzing intraday time frames I spotted a minor horizontal structure resistance.
On that the price formed a double top formation and the broke its neckline.

I expect a bearish trend continuation.
Goals: 1.6875 / 1.683

❤️Please, support this idea with like and comment!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.