GBPCAD ( Cable Loonie ) - Bearish Pennant Pattern in formation

British Pound / Canadian Dollar (FX:GBPCAD)

Updated

FX:GBPCAD British Pound / Canadian Dollar

Trend Analysis Chart Patterns cable loonie Bearish Pennant trendlindes

trendanalysis chartpattern cable loonie bearishpennant trendlindes

GBPCAD shows a Bearish Pennant Pattern in formation. My bias is that it should fall a little bit further before correcting the current impulsive wave.

Entry point: 1.66275

STOP LOSS: 1.67843

TAKE PROFIT 1: 1.65491
TAKE PROFIT 2: 1.64224
TAKE PROFIT 3: 1.62109

Comment:

GBPCAD Update - Pennant invalid > Potential AB=CD Pattern

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