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fxinvestmk
Nov 13, 2023 2:03 PM

GBPCAD, H4 - Rising wedge pattern Short

OANDA:GBPCAD240
GBP/CADOANDA

Description

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Price forms rising wedge pattern. Statistically more often it ends current trend. So basic scenario is bearish. Breaking above current resistance may cause further up move towards upper band of wedge pattern. Trade carefully!
WedgeSupport and ResistanceGBPCADtradingideasforexsignalspriceaction
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