GbpCad Short-term Sell
As a continuation of our previous analysis, we think that the downtrend will continue. After the main channel was broken, the price entered a consolidation period and sees downside resistance from the intersection of the 50-period MA and the 23.6% Fibonacci level of the main trend on the H4 chart.
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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.