GBPCAD on the 4h chart is trading exactly at the fair value over the 50% support of the previous impulse.
We can notice how the market created a range with a spike over the 1.65000 area that seems to be a head and shoulders pattern.
The Head and shoulder pattern works in a better way at the top of a trend while here we are not but in case the price will break below the support area and the Plancton's strategy will be satisfied we can look for a nice short order according to the Academy Rules.
We can notice how the market created a range with a spike over the 1.65000 area that seems to be a head and shoulders pattern.
The Head and shoulder pattern works in a better way at the top of a trend while here we are not but in case the price will break below the support area and the Plancton's strategy will be satisfied we can look for a nice short order according to the Academy Rules.