GBPCAD Update (Price Action Entry Education) SD-Pattern, Pennant

Price broke the Supply Zone. It simply shot through the Supply Zone with no Retest or Rejection so the last Trade Setup was not valid. I hope you all recognized that. This example showed us how important Price Action for entering in Trades really is. To be sure always wait for the candle to close. After the close you can enter if it still fits the Analysis.

Update:
Now price made a push down because of the Supply Zone. Also price is a at the Top of a Pennant Pattern. I expect the price to drop now. Also there is the possibility that the price breaks the Demand Zone and that it make a breakout out of the Pennant Pattern.

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