GBP/CAD - Triangle Breakout

The GBP/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.

Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation.

Target Levels:
1st Support – 1.7787
2nd Support – 1.7722

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Trade active

Take Entry now

Note

In Good Profit

Trade closed: target reached

with Good Profit

Note

2nd Target Reached

Note

Today High Impact News :
CHF - Unemployment Rate
USD - Nonfarm Payroll
CAD - Employment Change

Note

The British pound's value dropped because retail sales in the UK fell unexpectedly in December. This added to worries about the UK's economy, which is not growing well and has high prices. Investors are now expecting the Bank of England to cut interest rates more, which also affects the pound's value.

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