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Long

GBPCAD down trend LONG

FX:GBPCAD   British Pound / Canadian Dollar
ABCD Formation: as you can see this has formed an ABCD formation so we should be looking for a downtrend now.
Also their is a small Descending Triangle forming therefore we could expect a big breakout from this.
Furthermore for extra security and confidence for this trade wait for the EMA Reversal, as the line should cross the opposite side of the charts.
Comment: Also formed a double bottom. Only place trade when your see the breakout.

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