FX_IDC:GBPCAD   British Pound / Canadian Dollar
1.65 has been a significant s/r area and price is flirting around it. Looks like a head and shoulder pattern is forming on top of it.
If price stays above 1.65, the FTA to look out for is the 1.69 area (blue line = .5/.68 fib level) and because this area has held as a s/r level .
Watch PA around the 1.69 area and look to go short on a retest.
If price breaks below 1.65 look to go short on the breakthrough candle or retest.


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