GBPCAD short bias:
- hit rejected the weekly resistance level
- it broke down the 4h uptrend trendline
- it is now retesting the 15m timeframe resistance level.
I expect it to drop around 64 pips.
Also possible to drop 100+ pips after break of hourly support level (cyan colored at the bottom).
- hit rejected the weekly resistance level
- it broke down the 4h uptrend trendline
- it is now retesting the 15m timeframe resistance level.
I expect it to drop around 64 pips.
Also possible to drop 100+ pips after break of hourly support level (cyan colored at the bottom).