GBPUSD On Daily Frame developed inverted Head and shoulders Bullish Pattern which is give an good indication that the Coming move will be the most probably UP.
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USDCAD develop yesterday after the Interest rate decision inverted head and shoulder pattern which is represent classic long opportunity ( Look to the chart )
Note : this opportunity with low risk reward ratio so you have to decrease your risk throw managing the lot size ,
Based On PnF analysis if the price breakout the Price level 9550 we can expect extended upward move targeting 9710 I placed the stop loss on 9470 based on 3 Box reversal criteria .
It's short term trade based on combination between PnF and Fibo levels .
Note : because of ...
Waiting The upward correction to touch the Down Trend Line area 1.0985 with Short Position Targeting the 1.0775 Price area and i see to set the Stop Loss level above 1.1110 Level .