GBPCAD The Target Is DOWN! SELL!

23 בינו׳

My dear friends,
Please, find my technical outlook for GBPCAD below:
The price is coiling around a solid key level - 1.7129
Bias - Bearish
Technical Indicators: Pivot Points Low) anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.7053
Safe Stop Loss - 1.7167

About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK