OANDA:GBPCAD   British Pound / Canadian Dollar
On Friday I had this analysis plotted out, however I missed the entry. We have now had pullback to my original area of interest so will be looking to enter this if the markets respect.

Analysis:

- We saw a break of the descending trendline, with price creating new lower highs.
- Several rejections of the ascending trendline
- My entry area of interest lines up with the rejection of the TL, 50MA and the most recent support zone .

If price fails to break the trendline and support area , I will be entering a long trade for this pair.

Comments

Your descending trendline, how come it doesn’t join the top wick at the left, and also, doesn’t seem to align with anything/meet with anything on the way down either? Otherwise good analysis
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Analysis is on point. Thanks for sharing!
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