GBPCAD, 4hr TF, inverted HnS pattern in play
As you can see there is an inverted HnS pattern on this pair.
Price actually already broken above the neckline and go down retracing a little bit. If you count that retracement, it stopped exactly at 61.8 fibonacci retracement.
In my opinion we will see a continuation to the upside so we will buy this pair.
Buy GBPCAD 1.7400
Stop loss 1.7300
Take profit 1.7600 (2R)
Use only 1-2% risk
Good luck
Price actually already broken above the neckline and go down retracing a little bit. If you count that retracement, it stopped exactly at 61.8 fibonacci retracement.
In my opinion we will see a continuation to the upside so we will buy this pair.
Buy GBPCAD 1.7400
Stop loss 1.7300
Take profit 1.7600 (2R)
Use only 1-2% risk
Good luck