GBPCAD approaching resistance, potential drop!

8 בנוב׳ 2018

GBPCAD is approaching our first resistance at 1.7315 (horizontal overlap resistance, 38.2%, 78.6%, 61.8% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur pushing price down to our major support at 1.7156 (horizontal overlap support, 23.6% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (34,5,3) is approaching resistance and we might see a corresponding drop in price.
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