GBPCAD has formed an ascending triangle. Usually these patterns represents a bullish trend however in this case, it is hard to tell and the possibilities of direction can go either way.
Note
It seems GBPCAD may be breaking out towards the downside of the triangle, if this is the case, wait for it to retest and look for some bearish confirmation before shorting.
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Related publications
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.