GBPCAD Has been in a downtrend on the daily for a while now. If we look at the H4 we can see that price has pulled back into a flipzone (Support turned into resistance). I will watch price action at this level and look for possible entry opportunities on the smaller timeframes such as the H1 to short the market and continue the downtrend. If I see no candlestick confirmation, then I will not enter.
Chart PatternsdowntrendflipzoneshortSupport and ResistanceTrend Analysis

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