GBPCAD - BUY strategy
The GBPCAD is developing a nice inverse Shoulder Head Shoulder pattern. The neck-line break is around 1.7055.
MACD is positive, and we have ample room on the Ichimoku for upside potential.
The strategy is to buy current and place stop let's say 1.6957 for an objective 1.7330.
MACD is positive, and we have ample room on the Ichimoku for upside potential.
The strategy is to buy current and place stop let's say 1.6957 for an objective 1.7330.
Note
Adjust stop-loss to 1.6947 instead 1.6957. The trend-line is sloping downward. We require 1.7027 break-out above neckline now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.