GBP/CAD Potential Inverted Head and Shoulders

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By Deya Hroob

gbpcad

GBP/CAD Inverted Head and Shoulders ( daily chart )


 The pair is forming an Inverted Head and Shoulders Pattern. In order to confirm the pattern, we just need a breakout of the neckline.

 If this happens, I will try to trade the retest of the neckline. To spot my targets, I will use Fibonacci Levels.

 The first target will be 1.73.

 If the price turns down from neckline, the pattern will be invalidated.

 Trade Wise and Good Luck,

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