GBPCAD: Very Bearish Setup 🇬🇧🇨🇦
GBPCAD leaves various bearish clues:
At the end of November, the pair reached a major daily structure resistance area,
formed a head and shoulders pattern on that and then broke and closed below a support line of a rising wedge pattern
breaking h&s's neckline as well.
Now I expect a fall at least to 1.675 level.
For entries, consider the occasional retest.
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Note
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💰Instagram: instagram.com/VasilyTrader/ 💰
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.