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.
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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.
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