The 📈GBPCAD pair retested a horizontal structure that was previously broken on the 4-hour chart.
Following this retest, the price formed an inverse head and shoulders pattern and broke above a resistance line of a bullish flag pattern.
This suggests potential upward movement in the near future.
The next resistance level to watch is at 1.8692.
Following this retest, the price formed an inverse head and shoulders pattern and broke above a resistance line of a bullish flag pattern.
This suggests potential upward movement in the near future.
The next resistance level to watch is at 1.8692.
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Related publications
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.