GBPCAD Is Getting Ready For The Next Move
GBPCAD Is Getting Ready For The Next Move
The price has been accumulating within a bullish "flag pattern" for the past two weeks.
The bullish flag pattern is a bullish continuation pattern created during an uptrend.
If the price manages to break out of this pattern,
bullish volume should increase further and we could see GBPCAD rise to 1.7350
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
The price has been accumulating within a bullish "flag pattern" for the past two weeks.
The bullish flag pattern is a bullish continuation pattern created during an uptrend.
If the price manages to break out of this pattern,
bullish volume should increase further and we could see GBPCAD rise to 1.7350
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Comment:
GBPCAD +70 PIPS
Trade closed: target reached:
Trade closed: target reached:
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The price is breaking out of the pattern. It is still a bit risky as we are in the 4 hour chart. But after the US CPI data we should have more volume and we may see a solid breakout.