The 1 hour timeframe of the GBPCAD is shown in this analysis from July 31 to current date. A symmetrical triangle (tentative) is identified as the most recent chart pattern in the GBPCAD from October 2, 2018 onwards.
Further bearish action is anticipated to successfully hold support around ~1.66683 and 1.65933.
On the other hand, lack of bearish momentum and a close above 1.72551 implies resumption of the current bullish price swing from October 30. 2018.
Further bearish action is anticipated to successfully hold support around ~1.66683 and 1.65933.
On the other hand, lack of bearish momentum and a close above 1.72551 implies resumption of the current bullish price swing from October 30. 2018.
