gbpcad pair has been making lower highs and lower lows signifying a down trend . supply gets thinner after each retest of trend line resistance and demand gets stronger as buyer orders outnumber sellers . double bottom pattern breakout at the end of downtrend leads to a trend change.
up trend dies as buyer interest runs thin due to fat price. double top forms signaling a solid supply zone as sellers out number buy orders . price breaks previous higher low ,out of double top neckline. major correction or trend change possible.