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KWFX

Possible Price Reversal

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
KWFX  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis Inverse Head and Shoulders priceactionanalysis pricereversal Fibonacci Retracement
2
4
trendanalysis chartpattern beyondta inverseheadandshoulders priceactionanalysis pricereversal fibonacciretracement
  • Inverse H&S Pattern
  • Fib %50
  • Good support zone (green rectangle)
  • Left to right shoulder divergence

Wait for a clear PA entry and we can jump in from the right shoulder, we can have a second entry after breakout of inverse H&S pattern or wait for the pullback.

Possible Targets
TP1 = 0% Fib
TP2 = -0.2720% Fib
TP3 = = 0.618% Fib

Good R&R.

Peace!
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