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British Pound / Canadian Dollar
Short

💡 GBP/CAD Potential short opportunity.

233
Hi traders. My analysis on GBP/CAD is suggesting more Pound weakness ahead. We are bearish on the daily with a Fib rejection off the 38.2. On the 1h we have formed a H&S pattern which is looking like it will break the neckline as well as the trendline. When we do a minor test of the neck line is what i will look for to enter the short position. My TP1 is at 1.72704 TP2 1.71736
GuardianFX
Gold 🥇 Silver 🥈
Also on:
FibonacciGBPCADgbpcadanalysisgbpcadforecastgbpcadshortTrend AnalysisTrend Lines

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FibonacciGBPCADgbpcadanalysisgbpcadforecastgbpcadshortTrend AnalysisTrend Lines
GuardianFX
Gold 🥇 Silver 🥈
Also on:

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.