As of now, I am seeing a nice BULLISH opportunity for GBPCAD. We witnessed 2 rejection off 1.6985 price level signaling to us that BEARISH strength is weakening. Not only that, looking at price action BEARISH candles are not showing any form of BEARISH continuation. I will expect to see a 50.0 fib level retracement as of now where we can see price movement moving towards the ichi cloud. As of now, I am seeing a LONG opportunity but do look out where price heads towards ichi cloud. No direction is confirmed as of now till we see a clear breakthrough or price rejection off that level.
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Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!