GBPCAD SHORTS

52
A heads and shoulders pattern signaling reversal, a transition from bullish to bearish.

REJECTION POINT

Rejection is likely to occur between 1.80000–1.80328, as these are strong confluence levels:

The retest of the neckline.

The psychological round number (1.80000)

The EMA 50 acting as dynamic resistance.

If the price is rejected here, the market is likely to continue its bearish move, targeting lower levels such as 1.78000 or below.

Conclusion
The price is currently retesting the neckline of the Head and Shoulders pattern. Watch for bearish rejection signals (e.g., bearish candlesticks, volume spikes) around 1.80000–1.80328, which could confirm the continuation of the downtrend.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.