GBP/CAD Trade idea

• Major Support -2.0935
  
  
• Major resistance- 2.1100
  
  
• The pair has retreated after making a high of 2.1100. It is currently trading around 2.09590.
  
  
• The pair's major support is around 2.0935 and break below targets 2.0890/2.0845 in short term.
  
  
• Short term trend is weak as long as resistance 2.1100 holds.
  
  
• On the higher side minor resistance is around 2.1000 and any break above targets 2.1100/2.1250.
  
  
• Overall bearish invalidation only above 2.1250.

It is good to sell on rallies around 2.1025-2.1030 with SL around 2.1100 for the TP of  2.0890/2.0850

R1-2.1000

 R2-2.1100

R3-2.1250

Support

S1-2.0935

S2-2.0890

S3-2.0850