GBPCAD: Overbought Market & Local Short 🇬🇧🇨🇦

Short

Livre sterling / Dollar canadien (OANDA:GBPCAD)

OANDA:GBPCAD Livre sterling / Dollar canadien

trendline doubletoporbottom wedgepattern gbpcad pound canadiandollar gbp forex trading techincalanalysis forecast signal

GBPCAD looks overbought to me.
The market formed a rising wedge pattern and a double top pattern within that on 1H time frame.
Both the neckline of a double top and a support line of the wedge were broken.

It makes me think that correctional movement is coming on the pair.
Goals: 1.6734 / 1.671

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GBPCAD: Overbought Market & Local Short 🇬🇧🇨🇦

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