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ThinkingAntsOk

GBP/CAD Waiting for the Breakout by ThinkingAntsOk

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
ThinkingAntsOk  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis GBP CAD GBPCAD short analysis trade Bearish Patterns
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trendanalysis supportandresistance mtfa gbp cad gbpcad short analysis trade bearish
🔸 4H CHART EXPLANATION:
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🔸 Price broke the Weekly Ascending Trendline.
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🔸 Now, it is making a corrective move on a pullback to the broken trendline.
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🔸 If this structure is broken, then there is potential for a downside move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup if the structure is broken.

🔸DAILY CHART ANALYSIS:

snapshot

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