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courtsantos

Inverted Head and Shoulders Pattern

Long
British Pound / Canadian Dollar (FOREXCOM:GBPCAD)  
courtsantos Updated   
FOREXCOM:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
Looking at lower times frames, like the 4H, 1H, or 30 Minute charts, look for buy signal to enter market. As with head and shoulder patterns, looking at a profit range equal to distance between head to neckline.
Comment:
Price has broken through resistance level set at 1.72998 and is showing strong momentum. TP set at 1.76279 level.
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