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Trading Idea - GBP/CAD, 29-02-2024
Trading Signal: GBPCAD
| Order | Sell |
| Direction | Bearish |
| Pattern | Resistance Test |
| Interval | Daily |
| Length (Candles) | 14 |
Idea Summary
The medium term GBPCAD price forecast is bearish. The GBPCAD price is testing a resistance above the 200-day moving average MA(200). Most likely the price will reflect off the resistance and decline toward MA(200) while there is a likelihood it may breach above the resistance and continue rising.
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