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GBPCAD Breaking Out of Triangular Consolidation

GBPCAD Breaking Out of Triangular Consolidation

Paul Robinson, Strategist

Talking Points:

  • GBPCAD broke out of symmetrical triangle formation on 4-hr chart
  • Size of pattern (500 pips) points to a move towards 19600

GBPCAD 4-hr:

GBPCAD Breaking Out of Triangular Consolidation

--- Written by Paul Robinson, DailyFX Research

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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