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HayatoDragonFX

GBPCAD, 4hr TF, inverted HnS pattern in play

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
HayatoDragonFX  
FX:GBPCAD   British Pound / Canadian Dollar
Supply and Demand Support and Resistance Head and Shoulders GBPCAD gbpcadbuy gbpcadlong gbpcadanalysis invertedheadandshoulders priceaction priceactiontrading Fibonacci Retracement
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supplyanddemand supportandresistance headandshoulders gbpcad gbpcadbuy gbpcadlong gbpcadanalysis invertedheadandshoulders priceaction priceactiontrading fibonacciretracement
As you can see there is an inverted HnS pattern on this pair.
Price actually already broken above the neckline and go down retracing a little bit. If you count that retracement, it stopped exactly at 61.8 fibonacci retracement.

In my opinion we will see a continuation to the upside so we will buy this pair.

Buy GBPCAD 1.7400
Stop loss 1.7300
Take profit 1.7600 (2R)

Use only 1-2% risk
Good luck
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