GBP/CAD H4 shows an end of the recent correction?
GBP/CAD H4 shows an end of the recent correction?

Pound sterling to Canadian dollar H4 chart shows a dynamic downtrend. Also small correction can be seen – which started few candles earlier.

For the second time it rebounds from local resistance zone. On the lower TF we may see a supply reaction, which is getting stronger near the test of previously defeated line, which connects really nicely series of historical lows.

Yesterday daily candle looks like a pin bar, which indicates possibilities of further losses. We recommend buying PUT option (DOWN).


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