secsc

Short GBPCAD key Fibo level and RSI confluence

Short
FX:GBPCAD   British Pound / Canadian Dollar
Price has hit a key 423.6 resistant Fibo level which I believe will push lower to the horizontal resistance turn support at the level 1.75294. RSI is trending lower at a high overbought level and along with Stock trending down. Price may be pressured downwards to the key horizontal level. Confirmation on H4 shows downward pressure.

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.