GBP/CAD: Trend continuation or more downside pressure


Interesting situation in GBPCAD. Long-term the pair is pointing up, but recent weeks have brought substantial downside pressure. We are now coming into an interesting zone where I will position myself for a reignition of the uptrend.


Update 16.04.2015


The 161.8% extension on the weekly has completed. I am entering here, chances should be good.

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