GBPCAD: Consolidation Trading 🇬🇧🇨🇦

Short

British Pound / Canadian Dollar (OANDA:GBPCAD)

Updated

OANDA:GBPCAD British Pound / Canadian Dollar

Support and Resistance Supply and Demand Parallel Channel Forex GBPCAD canadiandollar pound poundsterling

supportandresistance supplyanddemand parallelchannel forex gbpcad canadiandollar pound poundsterling

snapshot

Hey traders,

GBPCAD is trading within a wide horizontal trading range.
Last week its resistance was reached.
The price formed a double top formation on that.

Taking into consideration that the market is trading in sideways,
chances are high that the price will drop.

Goals:
1.7115
1.706

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Comment:

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AUDNZD: Potential Structure Trade 🇦🇺🇳🇿

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