The Canadian Pound, GBPCAD, is trading on the H4 chart within a falling channel, as shown in the diagram above. You can enter the sale of a market directly as long as the prices are inside the channel and below the upper side of the descending channel. We recommend entering selling a pending order 1.7530
In the event that the price breaks the descending channel upwards, we can sell from 1.7615 - 1.7675 with a suitable stop loss for both levels together.
In the event that the price falls inside the channel as we recommended above to sell, we will wait for the main buying point at 1.7217
General trend: the pair is bearish as long as the price is below the trend and inside the falling channel