Hello and welcome to my Trade Idea of the currency pair GBP/CAD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a strong downtrend.
Weekly: Weekly is very bearish too.
Daily: We see on the daily timeframe a bullish trend but the possibilities are there that the price will fall.
H4: Here we draw the counter trendline and wait for a confirmed breakout.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a strong downtrend.
Weekly: Weekly is very bearish too.
Daily: We see on the daily timeframe a bullish trend but the possibilities are there that the price will fall.
H4: Here we draw the counter trendline and wait for a confirmed breakout.
Have a nice day.