GBPCAD A Nice setup is forming with high probability trades.
Here is a nice setup. It looks like we are currenctly in a corrective phase possibly a zig zag denoted by ABC where C is unconfirmed.
The possible high probability trades are:
1) Short the head and shoulders pattern. Or a more aggressive approach is to just short immediately since it has had a bearish break below previous structure low. Also there is RSI convergence.
2) Long on the Bullish Bat completion and possibly the end of wave C marked PRZ.. Have multiple enteries around the PRZ area to maximise profits.
The targets here are based on patterns, structure and fibonacci confluences.
Thank you for looking! please like and follow if you like my ideas.
The possible high probability trades are:
1) Short the head and shoulders pattern. Or a more aggressive approach is to just short immediately since it has had a bearish break below previous structure low. Also there is RSI convergence.
2) Long on the Bullish Bat completion and possibly the end of wave C marked PRZ.. Have multiple enteries around the PRZ area to maximise profits.
The targets here are based on patterns, structure and fibonacci confluences.
Thank you for looking! please like and follow if you like my ideas.