GBPCAD has been in a sustained bearish trend and recently completed its AB=CD harmonic pattern, signaling a potential turning point. Additionally, the formation of bullish divergence further supports the possibility of a reversal. A break above the previous lower high at 1.77741 could indicate the emergence of a bullish trend, suggesting a shift in market sentiment.
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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.