Fxprotrader
Short

GBPCAD Pending Head & Shoulders Pattern

FX:GBPCAD   British Pound/Canadian Dollar
Price is about to complete a head & shoulders pattern which if completed may end a big up move. We should wait for price to reach to the left shoulder level and watch for a sell setup. If we miss, we should then wait for a neckline breakout before going short
Comment: Price broke below the neckline of the pattern
Comment: Wave patterns at their best..! Easy, simple trading with great results..!
I'll put a sell order at the shoulders , Green line
Reply
That's the aggressive way to go short but with great risk/reward ratio.. Good luck..!
Reply
Hiisham Fxprotrader
the green line present a 0.618% fibo that's good place to sell & finish he's correction
Reply
Hi Fxpro, are we selling now, or are we waiting for a retracement back to neckline?
Reply
Good analysis....well done
Reply
Thank you..!
Reply
Love it
Reply
That was agreat setup..
+1 Reply
Hiisham Fxprotrader
what about GBPNZD
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out