GBP/CAD descending triangle
GBP/CAD has been a very stable monument inside the triangle, representing a steady correction and rejection inside the pattern.
But, a breakout from the upper trend could initiate a very strong uptrend. But, if the pressure is heavy on the 0.6670 support level, it might get broken, and then the price dip a little bit more.
Moreover, there is still a chance for the price to continue in the triangle for a little while.
Watchlist.
But, a breakout from the upper trend could initiate a very strong uptrend. But, if the pressure is heavy on the 0.6670 support level, it might get broken, and then the price dip a little bit more.
Moreover, there is still a chance for the price to continue in the triangle for a little while.
Watchlist.
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.