Fxprotrader

GBPCAD Pending Head & Shoulders Pattern

Short
Fxprotrader Updated   
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..!
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