BEARISH POTENTIAL ON GBPCAD - RETEST?

Hi Guys,

This week we have this move on GBPCAD on our watchlist, Price has broken bearish on the 4hr as we can see. Price met a point of resistance ( roof of price) after its previous up move and is currently strongly sitting at point of support showing further bearish potential. We should look for a potential pullback to the broken point of previous support and now resistance. And if price does retest this zone, we may see the bears dominate this move.

Trade attivo:

Trade was activated and moved in favour, stop loss was moved to breakeven

Trade chiuso: stop raggiunto:

Stop loss met at breakeven