GBPCAD – Look to sell on bearish price action if key support turn resistance.
Key Levels: Resistance / Support = 1.6960 Daily
Price Action: Price needs to break below level noted on hourly time frame for me to start selling. Group awaiting confirmation.
Notes: I'm waiting for price to trade below this pivotal level, I will be selling into strength whilst price is contained below this important price zone. Mondays low is aligned with hourly levels and should created a nice area to pivot a short.
Key level needs to break first.