Here we have an opportunity to short GBPCAD after a confirmed break of the H&S neckline. GC has been trading within the pink channel for the past month.
On a larger timeframe, GBPCAD is also at a larger channel resistance.
If bearish momentum on GBPCAD is strong enough to break the pink channel, we should see further bearish movement to the downside
On a larger timeframe, GBPCAD is also at a larger channel resistance.
If bearish momentum on GBPCAD is strong enough to break the pink channel, we should see further bearish movement to the downside
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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.