GBPCAD Bearish Pennant Pattern is invalid by now but that still could be a bearish ascending wedge. Using fibbonacci on H4 timeframe, I realized that an AB=CD pattern is in formation and maybe it finished. If it breaks below the 1.272 level on H4 and make lower lows on H1 & M30 that's your cue to sell the pair.
TP levels are the same as the last idea, safe entry is still the same. STOP LOSS, however, is above the last candle's wick on H4.
TP levels are the same as the last idea, safe entry is still the same. STOP LOSS, however, is above the last candle's wick on H4.
Trade active
Trade closed: target reached
My first TP was the Entry and I moved SL to BreakevenTrade closed: stop reached
SL is hit
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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.