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Adefxc

GBP/CAD descending triangle

Long
British Pound / Canadian Dollar (OANDA:GBPCAD)  
Adefxc  
OANDA:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBP GBPCAD gbpcadlong tradingsignals signals
4
0
trendanalysis chartpattern beyondta gbp gbpcad gbpcadlong tradingsignals signals
GBP/CAD has been a very stable monument inside the triangle, representing a steady correction and rejection inside the pattern.

But, a breakout from the upper trend could initiate a very strong uptrend. But, if the pressure is heavy on the 0.6670 support level, it might get broken, and then the price dip a little bit more.

Moreover, there is still a chance for the price to continue in the triangle for a little while.

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