GBP/CAD consolidating in a channel, waiting for it to break out of the channel and then come back for a retest before making its move to either the upside or downside.
The channels both fall on Quarter theory lines giving the break and retest move some extra confirmation.
Note that the purple lines are not accurate, they are simply there for reference to what i'm predicting. The breakout can happen anywhere along the channel.
Setting alerts a couple pips outside the channel can be a life saver.
Happy Trading, thanks for tuning into my analysis :)
The channels both fall on Quarter theory lines giving the break and retest move some extra confirmation.
Note that the purple lines are not accurate, they are simply there for reference to what i'm predicting. The breakout can happen anywhere along the channel.
Setting alerts a couple pips outside the channel can be a life saver.
Happy Trading, thanks for tuning into my analysis :)