GBPCAD failed breakout of uptrend from 1.72023 to 1.73008

GBPCAD failed the breakout of the Fibonacci level 1.618 at price 1.73617 and could retrace up to the minimum price 1.72023, that is a possible target for Take Profit or Trailing Stop.

The current Stop Loss is in area of the Fibonacci level 1.618 at price 1.73617.

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