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Isuru_M

GBP/CAD - A possible Head & Shoulders Spotted

Panjang
Paun British / Dolar Kanada (FX:GBPCAD)  
Isuru_M  
FX:GBPCAD   Paun British / Dolar Kanada
Trend Analysis Chart Patterns Support and Resistance resistence retest long-term
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trendanalysis chartpattern supportandresistance resistence retest long-term
In this chart.we can see a major Support level and a retesting of price.It is possible that this pair would run bearish in the long run considering the expected Head & Shoulder formation.But it would be better to wait the price to touch the 1.6400 Round number if we are looking to enter a trade because 1.6400 would be a good and solid entry point.Just an analysis.

NOTE :- I am not a pro trader,still a learner.Feel free to show my mistakes and help me to learn.

Thanks.
Penafian

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