HANSFXTRADER

GBPCAD, MULTIPLE TIMEFRAME ANALYISIS!

OANDA:GBPCAD   British Pound / Canadian Dollar
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.
Trade closed: target reached

Comments

Good view, thanks for sharing
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