GBPCAD Sell Idea
D1 - Price broke below the bottom of the bullish channel.
H4 - Currently it looks like the special cycle has completed itself.
We have two critical zones that has formed based on the fibo retrace levels of the special cycle.
We may now expect the price to move higher until it reaches the first critical zone and then we may look for evidences of bearish pressure in order to join the bears.
If the price moves higher above the first critical zone then the next area to look for sells with bearish evidences would be the second critical zone.
H4 - Currently it looks like the special cycle has completed itself.
We have two critical zones that has formed based on the fibo retrace levels of the special cycle.
We may now expect the price to move higher until it reaches the first critical zone and then we may look for evidences of bearish pressure in order to join the bears.
If the price moves higher above the first critical zone then the next area to look for sells with bearish evidences would be the second critical zone.
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