GBPCAD market is currently ranging near a major resistance level after bouncing off a support level. It has also broken through the psychological level at 1.78000. I believe the market might form an ABCD pullback toward the resistance zone then continue moving lower. Given that the prevailing trend is bearish on the current timeframe, it's possible that prices could fall from the resistance nad make new lows. My goal is to support zone around 1.75760
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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