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GBP/CAD BEARS WILL DOMINATE THE MARKET|SHORT

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 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 is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.675.

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We are seeing a good move already so we will keep the trade running!
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