Thursday, October 15, 2026

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FxWirePro: GBP/CAD forms bearish Bat Pattern, good to sell on rallies

Harmonic Pattern- Bearish BAT Pattern Potential Reversal Zone (PRZ) -2.0950 GBP/CAD has made a high of 2.0920 and started to decline from that level. Overall trend is weak as long as resistance 2.0950 holds. On the highe…

By Lis Howell
1 min read
FxWirePro: GBP/CAD forms bearish Bat Pattern, good to sell on rallies
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  • Harmonic Pattern- Bearish BAT Pattern
     
  • Potential Reversal Zone (PRZ) -2.0950
     
  • GBP/CAD has made a high of 2.0920 and started to decline from that level. Overall trend is weak as long as resistance 2.0950 holds.
     
  • On the higher side any break above 2.0950 will take the pair to new level 2.1170/2.1350 level.
     
  • The pair's support is around 2.065 and break below will drag the pair to next level around 2.030/2.

It is good to sell on rallies around 2.0800 with SL around 2.100 for the TP of 2.035/2.

 

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