GBPCAD: Top-Down Analysis & Bearish Pattern 🇬🇧🇨🇦

Short

British Pound / Canadian Dollar (OANDA:GBPCAD)

OANDA:GBPCAD British Pound / Canadian Dollar

Trend Lines Multiple Time Frame Analysis Wedge GBPCAD signals tradingsignals priceaction priceactionanalysis priceactiontrading Contains image

trendline mtfa wedgepattern gbpcad signals tradingsignals priceaction priceactionanalysis priceactiontrading containsimage

snapshot

GBPCAD broke a support line of a tiny rising wedge pattern on an hourly time frame,
after a test of a solid falling trend line on a daily.

Taking into consideration that the pair is trading in a bearish trend on a daily,
probabilities will be high to see a bearish reaction.

I expect a movement to 1.671

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