GBP/CAD : Watch for a Significant Drop from Double Top Formation

The GBP/CAD currency pair has formed a double top pattern at 1.72400, indicating a potential rejection of further upward movement. We expect the price to decline, with our first target level at 1.7021. If the decline continues, the next target level (target 2) is 1.70191. We have set the stop loss just above 1.71734.

Trade closed: target reached:

First Target Reached

Trade closed: target reached:

Second also reached fast. Book full and close this trade.