Analysis of the Canadian pound and expected new selling areas

Strong short term selling opportunity on the GBP/CAD pair.

 

The GBP/CAD pair was able to break the support and uptrend areas

After reaching the daily supply areas and bouncing from them.

The GBP/CAD pair was able to fall, forming new strong supply areas

It is expected that if it is tested, it will fall from them to the targets specified on the chart.

The analysis fails to break the supply areas and close above them.

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