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GBP/CAD SHORT FROM RESISTANCE

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
EliteTradingSignals Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis GBPCAD short SELL trading Bearish Patterns Forex forecast techincalanalysis Contains image
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trendanalysis chartpattern waveanalysis gbpcad short sell trading bearish forex forecast techincalanalysis containsimage
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Hello,Friends!

We are going short on the GBP/CAD with the target of 1.697 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.

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Trade closed: target reached:
TP hit now!
snapshot
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