GBPCAD short (bearish pennant)
Bearish pennants are continuation patterns that mark a pause in the movement of a price halfway through a strong downtrend.
- They occur just after a sharp drop in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows.
- The downtrend then continues with another fall in price.
- They occur just after a sharp drop in price and resemble a triangular flag as the price moves sideways, making gradually lower highs and higher lows.
- The downtrend then continues with another fall in price.
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