Downloading...

$GBPCAD: Overall Bearish, Short Term Upside

85

➡️ Downside motive wave: We are finishing 5 waves at strong blue support zone. I don´t see enough momentum to break this zone at the moment.
➡️ Expect a recovery: Price will probably make a short-term recovery, with a high probability of reaching the middle of the range at 1.85-1.86.
➡️ After this recovery (wave 2 or B), expect further downside, potentially breaking blue support.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.