GBPCAD Chart Technical Outlook posted a doji-style candle from the high
The daily chart highlights the cross-building of a cypher pattern known as a Butterfly formation. We are currently assessed as trading within the BC leg.
We have posted a doji-style candle on Friday, October 6. This highlights investor indecision at current levels.
Although we have reached the minimum requirement for the BC leg, which is 38.2% of the last decline, timeframe analysis gives no clear indication of a change of trend. The next important date of note is October 27. I am looking for dips to be bought.