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GBPCAD: Flag Violation & Bearish Forecast

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
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FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Fibonacci Flag signals signalservice Forex pound canadiandollar GBP CAD GBPCAD Technical Analysis
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trendanalysis fibonacci flagpattern signals signalservice forex pound canadiandollar gbp cad gbpcad technicalanalysis
snapshot

GBPCAD is trading in a bearish trend.

the price started to recover as it reached 1.676 support and it was steadily growing within a bearish flag formation.
today the flag was broken to the downside and the market has perfectly closed below its support on 1h.

retesting the broken flag, chances are high that the price will start falling.

initial target: 1.68

good luck!
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