GBPCAD Update - Pennant invalid > Potential AB=CD Pattern

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.

Trade attivo

Trade chiuso: obiettivo raggiunto:

My first TP was the Entry and I moved SL to Breakeven

Trade chiuso: stop raggiunto:

SL is hit