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linofx1

GBPCAD: Important Breakout & Bullish Continuation

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
linofx1  
FX:GBPCAD   British Pound / Canadian Dollar
Support and Resistance Supply and Demand Head and Shoulders
6
2
supportandresistance supplyanddemand headandshoulders
I see a strong bullish trend in GBPCAD, with a large inverted head and shoulders pattern formed on the 4-hour chart.

After breaking and closing below the neckline, it has now turned into a strong resistance, confirming the continuation of the bullish trend.

The next target is the immediate resistance level at 1.7330.
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