GBPCAD SHORT - Head and Shoulder Pattern on 8H time frame.

We can see that GBPCAD has formed a head and shoulder pattern by completely respecting the left shoulder while forming the right one. For me this kind of patterns are more probable on the higher time frames such as the H8, daily and the weekly chart. I am in a short position now, 200+ pips in profit and more to come if we print an impulse as long as the neck. We should still always take partial profit at significant levels while the trade is running. Our job as traders is to secure the bag. Happy trading week to all.