WEEKLY FOREX ANALYSIS - GBPCAD FUTURE TRADE IDEA

Hello All,

This GBPCAD market has broken the daily level of 1.66 on last wednesday candle closing. Now the market is trying to retest this level. I am looking for a bearish price action signal near 1.66 to go short on this pair because 8/21 EMA is also indicating me a strong bearish market plus from 1st May the market has started a bearish flow and making lower highs and lower lows.

Lets see how market unfolds from here and give us clue for the trade!!!!

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