Get started
forexnoobmaster007

Breakdown from Ascending Broadening Wedge

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
forexnoobmaster007  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns GBPCAD gbpcadshort Ascending Broadening Wedge gbpcadanalysis gbpcadforecast gbpcadsell gbpcadtradesetup
1
0
trendanalysis chartpattern gbpcad gbpcadshort ascendingbroadeningwedge gbpcadanalysis gbpcadforecast gbpcadsell gbpcadtradesetup
GBPCAD after retracing 38.2% of the 6th May to 12th august trend has now fallen below the ascending broadening wedge pattern, which makes it vulnerable to selling up to 1.60690. The stop loss for the trade will be above the high of the previous session i.e. at 1.63747.
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.