Here we have the HH HL LL LH formations with a HH in line with Previous LL if you can scroll back there is around 3/4 of the same formation currently on this chart.
Keep it simple do not over complicate anything because when you do it gets complicated it self!
Best advice I can give anyone in my opinion if your trading and after 20/30 pips you see...
-The 1W chart shows a re-test of the support TL on this triangle pattern. This shows that there is a lot of selling pressure and bears are in control.
If you look at price in the circled area, you can see that as price increases, the retracements are strong/deep; showing that if price were to continue higher, the bears will come back and drive price back down...
Using my Supply and Demand Trading Strategy, I have analysed GBP/CAD on the Daily chart and am looking to go short as soon as the market opens. I expect to go short from 1.65451 to 1.59478. Taking this trade will result in earning as much as 597+ Pips.