GBPCAD
The pair has been on a down trend and has been respecting the descending trend line as the resistance where it has been pulling down from ,at this juncture the pair has currently broken the previous weeks HIGH after a very long mini consolidation in that zone giving us a double bottom which price respected and bounced off from ....Currently on the previous weeks HIGH price is giving us a chart pattern formation which is trying to signal to us that price is about to move massively and possibly break the descending trend line to begin a new trend which would be a new UP TREND...Aggressive traders know what to do Conservative know what to do.
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The pair has been on a down trend and has been respecting the descending trend line as the resistance where it has been pulling down from ,at this juncture the pair has currently broken the previous weeks HIGH after a very long mini consolidation in that zone giving us a double bottom which price respected and bounced off from ....Currently on the previous weeks HIGH price is giving us a chart pattern formation which is trying to signal to us that price is about to move massively and possibly break the descending trend line to begin a new trend which would be a new UP TREND...Aggressive traders know what to do Conservative know what to do.
Define your self and your trading style figure out your personality
Leave me a comment in the comment section let me know what you feel about the analysis and possibly why you think other wise
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SHORT
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