• GBPCAD approaching resistance, potential drop!

    GBPCAD is approaching our first resistance at 1.7059 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.6862 (horizontal swing low support, 100% Fibonacci). Stochastic (89,5,3) is seeing a bearish divergence and is also approaching resistance and […]