HammadFXPro

GBPCAD - RISING WEDGE

Short
FX:GBPCAD   British Pound / Canadian Dollar
GBPCAD is creating a RISING WEDGE chart pattern which indicates that soon price is going to be in a BEARISH trend. Moreover, the RSI indicator shows a BEARISH DIVERGENCE which further show us the possibility of a BEARISH trend. So, we have placed a SELL STOP pending order with TP1, TP2 and stop loss as shown in the chart.
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