Nice Head & Shoulder Pattern in GBPCAD

Short

British Pound / Canadian Dollar (FX:GBPCAD)

FX:GBPCAD British Pound / Canadian Dollar

Almost perfect H&S Pattern on a exhausted upwards move in this pair, it can be expected to get a nice downward move from this one with a good RR-ratio !!!! :) The pair seems to really exhausted as well, seen from the kind of sideways movement and lack of momentum.

Anticipate - Don´t React!

-ST

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