[GBPCAD] SHORT TIME ON W1?

At the significant level where it seems to be a strong resistance, price shows the strong rejection with a big rejected bar on W1 indicates that finally the seller would come back and decide to take back what they deserved. The short at around 1.761 would be expected depends on the momentum of the pullback up (if pullback up strong, we would have better Risk:Reward position)

You can also notice the head & shoulder pattern there, do you think it is really H&S pattern or only the uptrend? What are you thinking about this case?

Yorum:

Price seems to have big pullback to our initial entry, just wait patiently for the course of action changes, we will have the decent entry.

Things can go good or bad, prediction is just the prediction.

Yorum:

Cancel this idea because on D1, the price seems to have consolidation pattern.