GBPCAD 2 Hour
Double top pattern formed at a supply zone (gray zone) & price broke through the neckline with a strong engulfing candle. Price has made a break & retest of the neckline support as new resistance, & below this region here I am looking for price to resume lower into the previous support below, & if that is broken, then a new potential lower low could be the scenario here.
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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.