GBPCAD: Wedge Breakout & Pullback 🇬🇧 🇨🇦

Long

British Pound / Canadian Dollar (OANDA:GBPCAD)

Updated

OANDA:GBPCAD British Pound / Canadian Dollar

Support and Resistance Chart Patterns Wedge forecast priceaction priceactionanalysis priceactiontrading Technical Analysis

supportandresistance chartpattern wedgepattern forecast priceaction priceactionanalysis priceactiontrading technicalanalysis

snapshot

As I earlier predicted, GBPCAD dropped to a key level.
Now being quite oversold the pair may retrace.

Bullish breakout of a falling wedge pattern indicates a local strength of buyers.

I expect a growth to 1.696 / 1.70

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