📉GBPCAD has shown two significant bearish patterns on the 4-hour chart. These include a bearish flag formation and a double top pattern.
The neckline of the double top has been breached. To confirm a sell signal, look for a breakout below the lower boundary of the bearish flag with a 4-hour candle closing below the support line.
If this occurs, a bearish continuation towards the support level at 1.7100 can be expected.