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GBPCAD: Confirmed Bearish Reversal?!
British Pound / Canadian Dollar
Short
GBPCAD: Confirmed Bearish Reversal?!
By NovaFX23
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Sep 25
4
Sep 25
GBPCAD is exhibiting signs of a bearish trend reversal after approaching a significant daily resistance level.
There are signs of a double top pattern and a rising parallel channel.
The price has fallen below both the horizontal neckline and a trend line, indicating a potential bearish continuation towards 1.7900.
Double Top or Bottom
Parallel Channel
Support and Resistance
NovaFX23
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