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CertifiedJimenez

GBP/CAD up rally then a short at the 50 Fib daily retracement.

Libra Esterlina/Dólar Canadense (FX:GBPCAD)  
CertifiedJimenez  
FX:GBPCAD   Libra Esterlina/Dólar Canadense
Trend Analysis Chart Patterns longtermtrading consolidation GBPCAD gbpcadshort gbpcadlong
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trendanalysis chartpattern longtermtrading consolidation gbpcad gbpcadshort gbpcadlong
The overall market in the weekly has been ranging there for a recent rejection has occurred in the weekly resistance and there's a high chance price will come back down the the weekly support. The daily chart has been respecting the 50 FIB retracements towards the down trend. Price appears to be aiming for the golden zone .5 or .6 of the FIB around so we are expecting an up rally before the trend breaks and we short again.
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