GBPCAD SELL

7 mag

GBPCAD

This pair created multiple rejections at the highs before printing a top reversal. Those rejections on the 1 hr time frame formed a Micro level of resistance in the market. If this level holds we could see a test of the 78.6 level on the Fib.

If Momentum remains bullish on the higher time frames we could see a break of the highs. If that occurs I'll wait double top to be broken above, then look for the retest of that broken resistance level.