The GBP/CAD pair is currently in a downtrend in the 15 min.
It is consolidating in the form of a bearish pennant pattern which is a continuation pattern.
Hence, we expect the pair to resume its downtrend, when it breaks the pennant.
It is consolidating in the form of a bearish pennant pattern which is a continuation pattern.
Hence, we expect the pair to resume its downtrend, when it breaks the pennant.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.