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British Pound / Canadian Dollar

GBPCAD SELL

By TKProphet
GBPCAD

This pair created multiple rejections at the highs before printing a top reversal. Those rejections on the 1 hr time frame formed a Micro level of resistance in the market. If this level holds we could see a test of the 78.6 level on the Fib.

If Momentum remains bullish on the higher time frames we could see a break of the highs. If that occurs I'll wait double top to be broken above, then look for the retest of that broken resistance level.
FibonacciMultiple Time Frame AnalysisSupport and Resistance
TKProphet
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