GBPCAD: Classic Bearish Continuation 🇬🇧🇨🇦

As you remember, traders, we were very bearish biased on GBPCAD last week.
Now it's time for an update!

The pair is currently trading within a falling parallel channel.
Reaching its resistance, the price formed a double top formation and broke its neckline then.

I believe that the pair will drop to 1.54 / 1.5366 levels soon.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Kommentar:

Check my new analysis on GBPAUD: