Get started
British Pound / Canadian Dollar
Long

GBP/CAD - A possible Head & Shoulders Spotted

By Isuru_M
In this chart.we can see a major Support level and a retesting of price.It is possible that this pair would run bearish in the long run considering the expected Head & Shoulder formation.But it would be better to wait the price to touch the 1.6400 Round number if we are looking to enter a trade because 1.6400 would be a good and solid entry point.Just an analysis.

NOTE :- I am not a pro trader,still a learner.Feel free to show my mistakes and help me to learn.

Thanks.
Chart Patternslong-termresistenceretestSupport and ResistanceTrend Analysis
Isuru_M

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.