GBPCAD, MULTIPLE TIMEFRAME ANALYISIS!
Monthly:
-After price rejected the monthly lows we can see an inverse H&S pattern.
-The right shoulder has rejected the 61.8% of the monthly fib.
-On the right shoulder we can also see another inverse H&S pattern forming.
Weekly:
-After the double bottom on the weekly price had a big push to the upside that close above the last LH.
-The last weekly candle could get filled this week so I'm expecting a bullish push in the next days.
Daily:
-Inverse H&S pattern.
-We can see some daily rejections on the 61.8% of the daily fib.
4H:
-We could be monitoring price action from a 4h perspective to look for a valid entry only if all of our rules are satisfied.
-The right shoulder has rejected the 61.8% of the monthly fib.
-On the right shoulder we can also see another inverse H&S pattern forming.
Weekly:
-The last weekly candle could get filled this week so I'm expecting a bullish push in the next days.
Daily:
-We can see some daily rejections on the 61.8% of the daily fib.
4H:
Trade closed: target reached