GBPCAD has been in a huge rising wedge and is currently breaking down from it. The target is the bottom of the wedge at 1.72035 however, beware of the golden pocket which lies in between the fib level of 0.618 and 0.65. I have noticed that sometimes, price might not reverse lower than there.
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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.