GBPCAD Weekly Chart from 27 July to 31 July: Double completion bearish ABCD and abcd (CD leg) at the Resistance level (10-year high) at the projected resistance channel @ initial ab=cd validation number @2.0160. Additionally, there is a sign of weakness of climax buyer followed by stopping volume at that level it indicates that demand being met by supply and smart money liquidates portion off the table and wait for pullback to go long. Otherwise selling stop below the doji candle with tight stop, targeting the support of channel.
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