GBPCAD NICE FORMATION WAITING FOR BREAKOUT

KEY LEVELS ARE PLOTTED ON THE CHART.
PLEASE READ W1 CHART BELOW TOO.
PRICE HAS CLOSED BELOW KEY LEVEL AND REJECTED FROM IT W1.
FACING A WEDGE PATTERN NOW.
D1 HAS CLOSED WITH NUMEROUS SHADOWS CUTTING THE SUPPORT TRENDLINE WITHOUT SUCCESSFULLY CLOSING UNDERNEATH IT.
LOOKING FOR BREAKOUT DOWNSIDE BUT BREAKOUT COULD HAPPEN EITHER WAY.

IF BREAKOUT DOWNSIDE, TRADE AT RETEST OF THE WEDGE LINE.
BREAKOUT UPSIDE REQUIRES MORE CONFIRMATION AS IT WOULD BE COUNTER TREND AND RISKIER.

THOUGHT THIS CHART WAS INTERESTING AS WE ARE NEARING BREAKOUT/INTENSE CONSOLIDATION.

W1

D1