Trade_Point

GBPCAD Bearish Outlook

Short
OANDA:GBPCAD   British Pound / Canadian Dollar
This pair has been inside a ranging channel just like the CADJPY pair. Obviously, if CADJPY shows a bullish setup this pair should show a bearish setup because they are negatively correlated pairs. The bear flag pattern of this pair is looking to end at the 78.6% Fibonacci retracement level and make another bearish run.

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