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British Pound / Canadian Dollar
Long

Possible Price Reversal

124
  • Inverse H&S Pattern
  • Fib %50
  • Good support zone (green rectangle)
  • Left to right shoulder divergence


Wait for a clear PA entry and we can jump in from the right shoulder, we can have a second entry after breakout of inverse H&S pattern or wait for the pullback.

Possible Targets
TP1 = 0% Fib
TP2 = -0.2720% Fib
TP3 = = 0.618% Fib

Good R&R.

Peace!
KWFX
Beyond Technical AnalysisChart PatternsFibonacci RetracementInverse Head and ShoulderspriceactionanalysispricereversalTrend Analysis

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.
Beyond Technical AnalysisChart PatternsFibonacci RetracementInverse Head and ShoulderspriceactionanalysispricereversalTrend Analysis
KWFX

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.