Hi fellows. I am looking for breakout of this trend continuation pattern. In case price violate the previous high than i will look for change in pattern formation.
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Usually we take risk taking entries on these kind of patterns if you are not sure about the entry than you can use your own entry strategy here is the clear pattern formation on lower time frame.
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Nice price action appearing under upper trend line. Here is the update on lower time frame fellows.
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The pattern has broken down lets wait for the continuation. In case price do not continue than get ready for short from the top again.
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Strong rejection.
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AlanTradesFX
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Great setup as usual. Thanks mate.
Wave-Trader
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@senejani.ali, Good Luck mate.
Ahmed_bunah2
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FOMC meeting at 2:00pm EST....
AlanTradesFX
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@bunah2, FOMC has nothing to do with GBPCAD. If you are a news trader you need to look at USD pairs for FOMC news.