GBPCAD Short Term Bearish Possibilities

2 เม.ย. 2023

Hello everyone:

Similar like GBPUSD, we can see GBPCAD here is looking like there is one more short term move to the downside.

After the initial move up to the previous highs, price failed to continue higher, and formed a double tops, rising wedge reversal.

At the of the week, some bearish price action has begun on the lower time frame.

Be interesting to see if price can form bearish continuation price action, that can confirm one more short term move down within the larger, higher time frame correction.

thank you