GBPCAD Strong SELLing zone, Formed continuation pattern in CHART
📉 GBPCAD Price Forecast 📉
GBPCAD is currently trading in a selling zone, forming an Inverted Flag and Pole pattern, which is a continuation pattern indicating further bearish movement. The pair is also trading below the 200 EMA, confirming strong bearish sentiment.
The market is approaching a breakdown of the flag pattern, with a potential for a strong bearish candle to trigger the move. Based on the pole height projection (420 pips), this setup offers an excellent risk-to-reward opportunity.
🎯 Technical Target Levels:
- 1.7340
- 1.7120
📌 Key Highlights:
- Inverted Flag and Pole pattern confirms bearish continuation.
- Trading below the 200 EMA, reinforcing selling pressure.
- Target range of 420 pips, providing substantial profit potential.
- Watch for a breakdown of the flag pattern for entry confirmation.
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GBPCAD is currently trading in a selling zone, forming an Inverted Flag and Pole pattern, which is a continuation pattern indicating further bearish movement. The pair is also trading below the 200 EMA, confirming strong bearish sentiment.
The market is approaching a breakdown of the flag pattern, with a potential for a strong bearish candle to trigger the move. Based on the pole height projection (420 pips), this setup offers an excellent risk-to-reward opportunity.
🎯 Technical Target Levels:
- 1.7340
- 1.7120
📌 Key Highlights:
- Inverted Flag and Pole pattern confirms bearish continuation.
- Trading below the 200 EMA, reinforcing selling pressure.
- Target range of 420 pips, providing substantial profit potential.
- Watch for a breakdown of the flag pattern for entry confirmation.
✅ Stay Ahead in the Market!
Like, comment, and follow for precise updates and trade ideas.
Don’t miss this potential big move—prepare for profitable trading! 🚀
📢 Join the community to trade smarter with expert analysis and signals.
t.me/TrendLogic1
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Disclaimer
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t.me/TrendLogic1
🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
🎯Join now and take your trading to the next level!
t.me/TrendLogic1
🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
🎯Join now and take your trading to the next level!
t.me/TrendLogic1
Related publications
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.