Hey traders,
GBPCAD is coiling on an intraday structure support.
The price formed an inverted head and shoulders pattern.
To buy the market with a confirmation watch 1.726 - 1.727 horizontal neckline.
You need an hourly candle close above to confirm the breakout.
Then buy aggressively or on a retest.
Goal will be 1.732
In case of a bearish breakout of the underlined structure,
the market may drop lower and the setup will be invalid.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.