GBPCAD: Confirmed Bearish Reversal?!
GBPCAD is exhibiting signs of a bearish trend reversal after approaching a significant daily resistance level.
There are signs of a double top pattern and a rising parallel channel.
The price has fallen below both the horizontal neckline and a trend line, indicating a potential bearish continuation towards 1.7900.
There are signs of a double top pattern and a rising parallel channel.
The price has fallen below both the horizontal neckline and a trend line, indicating a potential bearish continuation towards 1.7900.
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.
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.