GBPCAD: Overbought Market & Local Short 🇬🇧🇨🇦

Short

British Pound / Canadian Dollar (OANDA:GBPCAD)

OANDA:GBPCAD British Pound / Canadian Dollar

Trend Lines Double Top or Bottom Wedge GBPCAD pound canadiandollar GBP Forex trading techincalanalysis forecast signal

trendline doubletoporbottom wedgepattern gbpcad pound canadiandollar gbp forex trading techincalanalysis forecast signal

snapshot

GBPCAD looks overbought to me.
The market formed a rising wedge pattern and a double top pattern within that on 1H time frame.
Both the neckline of a double top and a support line of the wedge were broken.

It makes me think that correctional movement is coming on the pair.
Goals: 1.6734 / 1.671

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