FullTimeTrader

GBPCAD-strong rejection from 0.61 fib

Short
FX:GBPCAD   Sterlina / Dollaro canadese
23
This pair is on clear downtrend, we can see the series of LH, LL forming.
Price made a last pullback to the 0.61 fib and found strong resistance there, suggesting the decline will continue.
We have also:

- bearish hidden divergence on MACD
- RSI trendline broken
- mutiple candlesticks rejecting the zone
- triple top with divergence (H4 chart)
- bearish shark (H4 chart)


Best regards.

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