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Taking a look at GBPCAD here and we are coming into a key area for the pair.
[/vcj_text_block][vcj_text_block paragraph_whitespace=”1″]Since March 2018, this pair has been in a Weekly descending channel and is now coming in to test the upper boundary once more. As we approach this region we have the Daily chart also forming an ascending wedge pattern which could be a key sign and confluence for a reversal.
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Over the next few days, I’ll be watching this pair closely for reversal signs as this offers fantastic risk to reward potential. If we do find sellers stepping in we can be targeting a move down to 1.6740.[/vcj_text_block][vcj_empty_space height=”20px”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/4″][vc_row_inner equal_height=”yes” overflow=”default” padding_tablet=”0px 0px 80px 0px” css=”.vc_custom_1583609527898{margin-bottom: 10px !important;margin-left: 2px !important;}” shadow_hover_custom=”-webkit-box-shadow: 10px 10px 17px 1px rgba(0,0,0,0.32); -moz-box-shadow: 10px 10px 17px 1px rgba(0,0,0,0.32); box-shadow: 10px 10px 17px 1px rgba(0,0,0,0.32);”][vc_column_inner overflow=”default” padding_tablet=”0px 30px 0px 30px” max_width=”700px” css_animation=”fadeInUp” css_animation_delay=”0s” css_animation_speed=”0.7s” css=”.vc_custom_1583588182205{background-color: #242424 !important;border-radius: 10px !important;}” background_image_hover=”8823″][vcj_empty_space height=”20px”][vcj_text_block paragraph_whitespace=””][/vcj_text_block][vcj_empty_space height=”5px”][vcj_text_block paragraph_whitespace=””]
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