After a sharp drop from the highs, GBP/CAD is pulling back into a key supply zone where sellers may step in again.
Price is forming a bearish flag pattern, a classic sign of temporary consolidation before a possible continuation lower.
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Price is forming a bearish flag pattern, a classic sign of temporary consolidation before a possible continuation lower.
🚀 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions, I will respond :)
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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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.