GBPCAD
- The ascending wedge pattern in itself has a downward breakout bias
- Overall downtrend
- Exhaustion phase
- Expected continuation phase
- Price failed to hold above the downward trend line, making many attempts to the upside which lead to eventual and expected failure
- Overall, bears have now broke back below the trend line and are testing it
- Once price-action confirmation is provided, a downward continuation is probable
Keep an eye out, and remember to use good risk management!
- TheFXAngel
๐๐ถ๐ธ๐ฒ๐ฑ ๐๐ต๐ฒ ๐ถ๐ฑ๐ฒ๐ฎ? ๐๐ผ๐น๐น๐ผ๐ ๐ณ๐ผ๐ฟ ๐บ๐ผ๐ฟ๐ฒ!