24.09.2020
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending M30 level pattern is currently truncated. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an overbought condition.
GBPCAD rate online: monitor the price movement in real time.
Trading recommendations:
Sell when a descending wave pattern is formed, which is completed with an ascending truncated M30 level pattern by breaking through the inclined channel.
Stop Loss: beyond the resistance level of 1.7105.
Target levels: 1.6912; 1.6836.
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