Lingrid

GBPCAD FALL after "Triangle" pattern

Short
FX:GBPCAD   British Pound / Canadian Dollar
In 2016, the pair's price entered the “Descending Triangle” pattern, which is a reversal. This means that after the complete formation of the pattern, the price changes the trend. The price entered the pattern in an uptrend.


In September 2020, the price exited this pattern by breaking through its upper border - the support line. And she began to grow. And now we see that the price has fixed on this line, rallied and came to a small resistance line.
I expect the price to stop, bounce off this line and start falling towards the intersection of the two support lines.

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻
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Comments

Ma’am not just GBPCAD sell GBPCHF with him
+1 Reply
Lingrid AliqaisGMTF
+1 Reply
This has potential
Reply
This has potential
Reply
Nice analysis
Reply
Love this thank you
Reply
Thank you for idea.
Reply
Lingrid DeGRAM
@DeGRAM, thanks
Reply
The price needs to push off again for a good fall!
Reply
DeGRAM Solldy
@Solldy, I support your opinion.
+1 Reply
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