GBP/CAD
The GBP/CAD pair seems to be forming a descending triangle pattern, which opens two possibilities and that is that even though it is considered a continuation pattern, it could also be a reversal pattern. 
Currently the price is in support in ob bullish in the 1h timeframe, in the 4h timeframe it is oversold and taking into account the probable formation of the triangle, I think that the price will rise until breaking the previous maximum thus giving continuity to the momentum of the first maximum formed.
Currently the price is in support in ob bullish in the 1h timeframe, in the 4h timeframe it is oversold and taking into account the probable formation of the triangle, I think that the price will rise until breaking the previous maximum thus giving continuity to the momentum of the first maximum formed.
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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.