GBP/CAD Price action analysis

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The daily chart of GBP/CAD is currently in downtrend.
The pair made 50% retracement of its previous move from 1.84000 to 1.70607.
It is currently facing rejections at the 50% retracement level which is indicated by the formation of the bearish pin bar.
As per our analysis,we expect the pair to move towards the price zone of 1.73476.
Transakcja zamknięta: osiągnięto wyznaczony cel
gbpcadshortHarmonic PatternspriceactionTrend Analysis

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