Possible trade for GBPCAD

3 de jul. de 2020

As we take a look at the 15min chart we can see that there is a wedge formed and that the price is testing the wedge. What I think is going to happen is that the price will go above the wedge and than do a retest of the wedge before it will go up good. What we need to keep in mind is that since the pandemic there was a lot of trades that broke a wedge but did not retest the wedge. So what also is a chance is that it just takes off and does not do a retest.

Please let me know in the comments what you think of it.
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3 de jul. de 2020

Trade ativo

Trade did not really took off because US session was closed today. Will keep this open and see what it does on monday.