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peterbokma

GBPCAD - BUY strategy

Long
British Pound / Canadian Dollar (FX:GBPCAD)  
peterbokma Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators gbpcadlong
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trendanalysis chartpattern indicator gbpcadlong
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.

Comment:
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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