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GBPCAD SET FOR A BEARISH RIDE

Por Loundex
GBPCAD found a strong resistance around the 1.73000 level and the bears seems to have a strong momentum in the market. It wasn't so safe to dive into the market at the very first touch of the resistance level, as you can see more price action like the break in the short term trend support are beginning to form which further validates this trade. as I strongly advice for price to retrace half the level of the zone(1.72500) before getting in.
Trend Analysis
Loundex

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