Short GBPCAD
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.
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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