GBPCAD broke neckline of inverted Head & Shoulders pattern at level 1.6919
Price broke corrective downtrendline
Above SMA 100
RSI rebounded from uptrenline
It's expected for the continuation of bullish momentum to target first key level at 1.7055
then finally target supply zone at level 1.7177 as a classic target from inverted Head & Shoulders pattern
Price broke corrective downtrendline
Above SMA 100
RSI rebounded from uptrenline
It's expected for the continuation of bullish momentum to target first key level at 1.7055
then finally target supply zone at level 1.7177 as a classic target from inverted Head & Shoulders pattern