GBPCAD

Great potential short as spotted by Nick Thomson over @ Pips University. Head and Shoulder formation looks great, with the right shoulder possibly forming at the 1.65500 level that has acted as both strong support and resistance since the summer! One more pull up and the potential for a huge bearish movement is very imminent. Monitor what happens at the current level (1.64200) as the bearish move could happen sooner than hoped.