GBPCAD: Breakout & Bearish Continuation 🇬🇧🇨🇦

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ポンド／カナダドル (OANDA:GBPCAD)

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OANDA:GBPCAD ポンド／カナダドル

Parallel Channel Rectangle Support and Resistance GBPCAD Forex pound canadiandollar CAD swing swingtrading swingtrade swingtrader

parallelchannel rectangle supportandresistance gbpcad forex pound canadiandollar cad swing swingtrading swingtrade swingtrader

snapshot

GBPCAD is trading in a long-term bearish trend.
The pair started to consolidate within a horizontal trading range in March.
On Friday, the price finally broke its support to the downside and closed below that.

I believe that it may trigger a bearish trend continuation.
Next goal for sellers - 1.555

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