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British Pound / Canadian Dollar
Short

GBPCAD Approaching Resistance – Anticipating a Pullback

GBPCAD is approaching a key resistance zone. The current market structure shows a sharp rally into this zone, suggesting potential for pullback if sellers step in.

I anticipate that if the price confirms rejection within this resistance zone, marked by bearish candlestick patterns or clear wicks, the market may move downward toward the 1.78455 level.

If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!"
DanieIM
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DanieIM

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