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AschraM

Looking for break of flag range

Short
British Pound / Canadian Dollar (FOREXCOM:GBPCAD)  
AschraM Updated   
FOREXCOM:GBPCAD   British Pound / Canadian Dollar
Harmonic Patterns Chart Patterns Trend Analysis
2
0
harmonicpatterns chartpattern trendanalysis
GBPCAD has a nice head n shoulder on the 4H with a right shoulder drop into an accumulation period flag. I will be looking for a short opportunity around 1.7655 or a break below the range with a retest entry for a safer sell confirmation.

Top of Range Short Entry

SL: 1.7900
Entry: around 1.7655
TP1: 1.7000
TP2: 1.6500
TP3: 1.6250

Break of flag lower entry
SL: TBA
ENTRY: TBA
TP1: 1.6500
TP2: 1.6250
Comment:
I will be looking for any short opportunity in the meantime but i believe they might tag the top again before going down long term. Better to play it safe. Buy low sell high ;P
Comment:
Approaching top of range
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