GBPCAD, is carving a bearish pattern in of a broadening wedge.
Because it’s a rising broadening wedge, it has bearish implications.
The broadening wedge combined with what could be the first lower high points to the likelihood of further losses this week.
But keep in mind that GBPCAD hasn’t confirmed the breakout yet.
A Daily close below 1.70800/400 area will expose 1.68200 and then 1.66500
Because it’s a rising broadening wedge, it has bearish implications.
The broadening wedge combined with what could be the first lower high points to the likelihood of further losses this week.
But keep in mind that GBPCAD hasn’t confirmed the breakout yet.
A Daily close below 1.70800/400 area will expose 1.68200 and then 1.66500