SELL GBPCAD

Aug 30

Price has approached the monthly highs of 1.78907 where price has reversed from in the past, in addition scrolling down on the weekly we can see the formation of a double top pattern indicating signs of reversal, on our daily we can even identify structure more clearly with the formation of a bearish engulfing pattern off the highs indicating signs of bearishness . Dropping down on our 4h time frame we can see the break of a trendline and now the market is forming lower lows and lower highs pushing to the downside and currently forming a break and retest pattern at 1.77564. Approach with caution and trust the process