GBPCAD: Potential Pullback Trade Explained 🇬🇧🇨🇦
Hey traders,
GBPCAD is coiling on an intraday structure support.
The price formed an inverted head and shoulders pattern.
To buy the market with a confirmation watch 1.726 - 1.727 horizontal neckline.
You need an hourly candle close above to confirm the breakout.
Then buy aggressively or on a retest.
Goal will be 1.732
In case of a bearish breakout of the underlined structure,
the market may drop lower and the setup will be invalid.
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