GBP/CAD
The GBP/CAD pair seems to be forming a descending triangle pattern, which opens two possibilities and that is that even though it is considered a continuation pattern, it could also be a reversal pattern. 
Currently the price is in support in ob bullish in the 1h timeframe, in the 4h timeframe it is oversold and taking into account the probable formation of the triangle, I think that the price will rise until breaking the previous maximum thus giving continuity to the momentum of the first maximum formed.
Currently the price is in support in ob bullish in the 1h timeframe, in the 4h timeframe it is oversold and taking into account the probable formation of the triangle, I think that the price will rise until breaking the previous maximum thus giving continuity to the momentum of the first maximum formed.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.