UNMISSABLE GBPCAD OPPOURTUNITY 04.04.20

4 apr 2020

GBPCAD

- The ascending wedge pattern in itself has a downward breakout bias

- Overall downtrend
- Exhaustion phase
- Expected continuation phase


- Price failed to hold above the downward trend line, making many attempts to the upside which lead to eventual and expected failure


- Overall, bears have now broke back below the trend line and are testing it
- Once price-action confirmation is provided, a downward continuation is probable

Keep an eye out, and remember to use good risk management!
- TheFXAngel

𝗟𝗶𝗸𝗲𝗱 𝘁𝗵𝗲 𝗶𝗱𝗲𝗮? 𝗙𝗼𝗹𝗹𝗼𝘄 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲!