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GBP/CAD – getting close to support of a Falling Wedge

GBP/CAD – getting close to support of a Falling Wedge

GBP/CAD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 13 days and may test it again within the next 3 days. Supported by Downward sloping Moving Average

Chart 4 hour
Pattern Falling Wedge
Length 50 Candles
Identified 16-Aug-2022 12:00 UTC