The Gbp/Cad pair had broken the 800sma SurpriseBox on the 4 hour chart. Formed a "Head and Shoulders pattern". A long candle broke the neck along with piercing the 200sma. Now on a rebound after initial descent and close to testing the neck, 800sma and right shoulder area.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
