GBPCAD Strong SELLing zone, Formed continuation pattern in CHART
π GBPCAD Price Forecast π
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.
π― Technical Target Levels: - 1.7340 - 1.7120
π 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. β Stay Ahead in the Market!
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