GBPCAD, look out for reversal pattern or breakout!
GCAD was previously in an uptrend. However, we can see that a lower high was created earlier this month. Price has made its way to a support zone for a possible 3rd rejection to this area. Price can either decide to form a reversal pattern on a lower time frame and then start buying back to the trend line. Or price could breakout of this support zone and begin selling. Happy trading!
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