GBPCAD: Classic Bearish Continuation 🇬🇧🇨🇦

As you remember, traders, we were very bearish biased on GBPCAD last week.
Now it's time for an update!

The pair is currently trading within a falling parallel channel.
Reaching its resistance, the price formed a double top formation and broke its neckline then.

I believe that the pair will drop to 1.54 / 1.5366 levels soon.

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Commentaire:

Check my new analysis on GBPAUD: