GBPCAD short (Supply and Demand, Trend Line)

Analysis for GBPCAD is still valid. We saw that the price followed the ascending Trend Line up to the daily Resistance Line. Also there is a major Supply Zone from the daily timeframe.

After the touch at the Resistance Zone the price was pushing down and also broke the Trend Line. Now we could see the price rejecting. Now it is Retesting the Trend Line and the Supply Zone.

Confirmation
1) Supply Zone -> Push Down and Retest of it
2) Trend Line -> Break and Retest

Target is the next major Demand Zone.

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