forexnoobmaster007

Breakdown from Ascending Broadening Wedge

Short
FX:GBPCAD   British Pound / Canadian Dollar
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.