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.