GBPCAD INDECISIVE SHORT OR LONG
Upward wedge formed on the 4hr and 1hr timeframe.
Price tested the wedge for the third time....which can result in two things.
1- Price will go all the way up with bull continuation and form double top indicating end of trend @ 1.72800
2- Price will break the trendline and short all the way down to 1.71000 then retest the trendline for a possible bearish movement to 1.69600.
Please note this is a personal analysis.
Price tested the wedge for the third time....which can result in two things.
1- Price will go all the way up with bull continuation and form double top indicating end of trend @ 1.72800
2- Price will break the trendline and short all the way down to 1.71000 then retest the trendline for a possible bearish movement to 1.69600.
Please note this is a personal analysis.
Penafian
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