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GBP/CAD Bearish Divergence and Wedge

Short
Livre sterling / Dollar canadien (OANDA:GBPCAD)  
FieryTrading  
OANDA:GBPCAD   Livre sterling / Dollar canadien
Trend Analysis Chart Patterns Technical Indicators GBPCAD Bearish Patterns Divergence Relative Strength Index (RSI) Wedge signal
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trendanalysis chartpattern indicator gbpcad bearish divergence relativestrengthindex wedgepattern signal
GBP/CAD just failed to push through the upper trend line of the wedge. Together with this reversal, we've spotted a bearish divergence on the RSI. The two signals working together make this reversal more likely to succeed.

Consider the green area to exit your short, since the price is likely to bounce off the lower trend line again.
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