GbpCad- more weakness to come?
2019-11-25 15:06:14
Last week, GbpCad has reversed aggressively, forming a Pin Bar on the weekly chart. Friday the pair stopped its decline just in support at 1.7050 zone.
Now the pair is correcting this decline and it looks like is forming a flag formation.
1.7120-1.7150 is a strong resistance and sell zone.
Strategy:
Sell rallies
SL @ 1.72 zone
TP @ 1.6870