The chart shows all. Trend line break to the downside, let's see how far down this can go!

The spike up makes me think there was a last minute push by big market players to get a good short entry by taking out some stop losses.

Good risk reward on this one :)

FibonacciGBPCADgbpcadanalysisgbpcadshortTrend AnalysisTrend Lines

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