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British Pound / Canadian Dollar

GBPCAD AT CONVERGING TREND LINE RESISTANCE

By tommyjones91
PRICE ACTION HAS REACHED THE CONVERGENCE POINT OF AN ASCENDING AND DESCENDING TRENDLINE RESISTANCE AROUND 1.8377, LOOKING FOR EITHER A DECISIVE DAILY CLOSE BELOW AND RESUMPTION OF THE DOWN TREND, OR A STRONG REVERSAL SIGNAL FOR A POSSIBLE LONG.
NOTE: SLIGHT DIVERGENCE ON THE DAILY RSI.
ForexGBPCAD

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