GBPCAD INDECISIVE SHORT OR LONG
Upward wedge formed on the 4hr and 1hr timeframe.
Price tested the wedge for the third time....which can result in two things.
1- Price will go all the way up with bull continuation and form double top indicating end of trend @ 1.72800
2- Price will break the trendline and short all the way down to 1.71000 then retest the trendline for a possible bearish movement to 1.69600.
Please note this is a personal analysis.
Price tested the wedge for the third time....which can result in two things.
1- Price will go all the way up with bull continuation and form double top indicating end of trend @ 1.72800
2- Price will break the trendline and short all the way down to 1.71000 then retest the trendline for a possible bearish movement to 1.69600.
Please note this is a personal analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.