GBPCAD 22/06/21
Updated
The market is currently going through a bearish channel.
Each time the market reaches the resistance zones channel (downward red line), the market drops significantly.
The Stoch also indicates that the market is ready for a sell.
I predict the market will sell long term to the current lower BB (Green line) which will act as a support zone. (T/P).
Each time the market reaches the resistance zones channel (downward red line), the market drops significantly.
The Stoch also indicates that the market is ready for a sell.
I predict the market will sell long term to the current lower BB (Green line) which will act as a support zone. (T/P).
Note
(Daily Time Frame)
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