GBPCAD: Classic Bearish Continuation 🇬🇧🇨🇦

Short

British Pound / Canadian Dollar (OANDA:GBPCAD)

Updated

OANDA:GBPCAD British Pound / Canadian Dollar

parallelchannel doubletoporbottom trendline gbpcad pound canadiandollar cad trading technicalanalysis forex

As you remember, traders, we were very bearish biased on GBPCAD last week.
Now it's time for an update!

The pair is currently trading within a falling parallel channel.
Reaching its resistance, the price formed a double top formation and broke its neckline then.

I believe that the pair will drop to 1.54 / 1.5366 levels soon.

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