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
I agree.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out