GBP/CAD Reversal Pattern Broken!
Hi everybody, hope you guys doing awesome :)
Trading pair: GBP/CAD
Bais: Uptrend - On the 1-hour timeframe price action has broken the neckline of the inverse head & shoulders pattern which occurs after a downtrend and indicates a possibility of a high probability trend reversal to the upside.
Risk management: We will wait for a retest of the broken neckline of the inverse head & shoulders pattern to find an entry.
Possible Targets around the areas of 1.7700.
Please don't forget to leave your thoughts and comments and if you benefited in any way from this post please like & share.
Have a great trading week :)
Trading pair: GBP/CAD
Bais: Uptrend - On the 1-hour timeframe price action has broken the neckline of the inverse head & shoulders pattern which occurs after a downtrend and indicates a possibility of a high probability trend reversal to the upside.
Risk management: We will wait for a retest of the broken neckline of the inverse head & shoulders pattern to find an entry.
Possible Targets around the areas of 1.7700.
Please don't forget to leave your thoughts and comments and if you benefited in any way from this post please like & share.
Have a great trading week :)
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