Raz1

GBPCAD forms an ascending triangle

FX_IDC:GBPCAD   POUND STERLING / CANADIAN DOLLAR
GBPCAD             has formed an ascending triangle . Usually these patterns represents a bullish trend however in this case, it is hard to tell and the possibilities of direction can go either way.
Comment: It seems GBPCAD may be breaking out towards the downside of the triangle, if this is the case, wait for it to retest and look for some bearish confirmation before shorting.
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