GBPCAD has for a while now found itself stuck within a range between lows of 1.676 and highs of 1.777, with sterling seeing storming strength over the majority of pairs this last month, we are now re-approaching the 1.777 level of resistance. I'm personally anticipating short opportunities from the daily key level around 1.777 - 1.782.
A rising wedge pattern has been formed and is now looking to finalize its last wave before giving us a clear directional bias.
Momentum is slowing down gradually but surely, we may see a liquidty grab under previous lows before the entry price target is reached.
Targeting sellls from 1.777 to 1.7550. (4H golden zone).
What are your thoughts on this pair?
A rising wedge pattern has been formed and is now looking to finalize its last wave before giving us a clear directional bias.
Momentum is slowing down gradually but surely, we may see a liquidty grab under previous lows before the entry price target is reached.
Targeting sellls from 1.777 to 1.7550. (4H golden zone).
What are your thoughts on this pair?