GBPCAD: Consolidation and Bearish Trend
GBPCAD is currently moving sideways within a broad horizontal range.
After testing resistance, a head and shoulders pattern has appeared on the price chart.
I expect the consolidation to continue, potentially resulting in a decline toward the support level of the range. My target is 1.7909.
After testing resistance, a head and shoulders pattern has appeared on the price chart.
I expect the consolidation to continue, potentially resulting in a decline toward the support level of the range. My target is 1.7909.
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