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Wednesday, August 11, 2021

GBPCAD - PAIR AT NECKLINE OF AN M - FORMATION

GBPCAD - PAIR AT NECKLINE OF AN M - FORMATION


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PAIR AT NECKLINE OF A TYPICAL M-FORMATION
Two possible scenarios can play out at this neckline: a rejection upside to the double top or a sell-off should the
neckline be broken and retested @1.730. Kindly manage your risk and money well and obey your trading rules and plans.

PAIR AT A CRITICAL TRENDLINE SUPPORT
We could see some buy reactions here as the trendline has been tested a s support twice already. Watch closely.

DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.



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