Bull Flag on GBPCAD
Updated
Hey traders,
I believe that our pair follows the path of a bullish flag correction, before it continues the rally. I drew my ABCDE pattern as always, and I expect some bullish breakout and continuation of the trend. Don't skip noticing the 1H doji which indicates indecision in the market. Good luck on your trades! Personally, I will put this pair in my watchlist and will wait for the breakout and the retest to happen. Risk to reward ratio looks pretty nice as well, so none of you wanna miss the opportunity developing.
I believe that our pair follows the path of a bullish flag correction, before it continues the rally. I drew my ABCDE pattern as always, and I expect some bullish breakout and continuation of the trend. Don't skip noticing the 1H doji which indicates indecision in the market. Good luck on your trades! Personally, I will put this pair in my watchlist and will wait for the breakout and the retest to happen. Risk to reward ratio looks pretty nice as well, so none of you wanna miss the opportunity developing.
Note
My forecast was correct in the first part. We'll see if there'll be further continuation of the trend. Happy profiting to anyone who followed! :)
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