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two potential scenarios on GBPCAD.
it all depends on the breakout.

if the market breaks above the triangle,
the market will most likely will go higher.

if bears will break below the triangle, it is a perfect signal to short the market.

*This idea is labeled as short because I will trade the pair only in case of bearish breakout
CADcanadiandollarChart PatternsForexGBPGBPCADpoundsignalTechnical AnalysistradingTrend AnalysisWave Analysis

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