GBPCAD Strong SELLing zone, Formed continuation pattern in CHART

📉 GBPCAD Price Forecast 📉

GBPCAD is currently trading in a selling zone, forming an Inverted Flag and Pole pattern, which is a continuation pattern indicating further bearish movement. The pair is also trading below the 200 EMA, confirming strong bearish sentiment.

The market is approaching a breakdown of the flag pattern, with a potential for a strong bearish candle to trigger the move. Based on the pole height projection (420 pips), this setup offers an excellent risk-to-reward opportunity.

🎯 Technical Target Levels:
- 1.7340
- 1.7120

📌 Key Highlights:
- Inverted Flag and Pole pattern confirms bearish continuation.
- Trading below the 200 EMA, reinforcing selling pressure.
- Target range of 420 pips, providing substantial profit potential.
- Watch for a breakdown of the flag pattern for entry confirmation.
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