The GBP/CAD Monthly time frame is in an up channel. The market is hitting a future high price to where the market could push back down towards support price point 1.6700 about +834 Pips away. If the market pushes above the future high price the market can push all the way towards the top of the channel price point 1.8770 about +1,240 Pips away.
I am going to turn to the daily time frame and as the market holds at the current high price 1.7530 I will look for high prices to sell towards the monthly future support price point 1.6700 about +834 Pips away
The GBP/CAD Daily time frame is hitting the top of the channel. The market is showing signs of a bearish push towards the bottom of the channel price point 1.7000 about +525 Pips away. I am going to turn to the one hour time frame and will look for counter trend line breaks bearish towards price point 1.7000 about +525 Pips away
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