In this video update, we take a look at GBPCAD and why we should wait for bearish price action here.
Historically price has reacted from this level we are at now and could see price form a bearish close here.
If it does then we have confirmation bias to look for further downside within the channel.
If we see price break higher then we have to follow the market and trade it back towards the key highs.
Historically price has reacted from this level we are at now and could see price form a bearish close here.
If it does then we have confirmation bias to look for further downside within the channel.
If we see price break higher then we have to follow the market and trade it back towards the key highs.