GBPCAD Outlook 27th June

Gbpcad looks to be still bearish, as on the Weekly the Bullish engulfing close have failed to continue the bullish momentum to bring this market higher.


And also formed an Inside Bar on the Weekly. A good retracement higher is what we looking for as a Swing trade entry. But for intra-day, a buy can still materialise in some sort.

But I am only interested in the short as it is part of a Bigger picture for this pair at the moment.