imaxcare

GBPCAD-possible H& S pattern....short below neckline

FX:GBPCAD   British Pound/Canadian Dollar
142 2 3
GBPCAD             looking downside H&S ....even we can short now at 1.83 ,second short when goes below neckline
A retest of the neckline is a much better option to trade as H&S is not valid until the neckline is broken. Also, fundamentally CAD is weaker compared to the Pound. Tomorrow is the UK's unemployment rate. While there is scope of a softer headline reading, Pound is bullish nonetheless. Would suggest extra caution when trading counter trend. And bear in mind the round number price of 1.8
Reply
ForceFollower justatrader
2 years ago
I agree.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out