The GBP/CAD pair is currently in a downtrend in the 15 min.
It is consolidating in the form of a bearish pennant pattern which is a continuation pattern.
Hence, we expect the pair to resume its downtrend, when it breaks the pennant.
It is consolidating in the form of a bearish pennant pattern which is a continuation pattern.
Hence, we expect the pair to resume its downtrend, when it breaks the pennant.
Trade closed: target reached