GBPCAD - Parabolic Exhaustion?

By fugutrader
Updated
GBP has had a recent parabolic bullish move against the CAD prior to the upcoming fundamental news release.
Watch for breaks in the bullish trend fan-lines as expectations converge with reality.
Trade closed manually
Consolidation is occurring after the breakout so consider taking profit before the news event as this might initiate a reversal.
Chart PatternsTrend Analysis
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