GBPCAD - Fitting trade to match commodity fundamental

Technically this setup looks great; echo-phone pattern has been respected on the resistance side, moreover the bearish H&S has just been broken out of. All that is left to see, is if there will be a retest, and how that neckline will stand up to it.

Regarding fundamentals, this trade plays on recent moves in commodity prices and is a good hedge outside of the EUR, and USD markets.

Trade geschlossen: Ziel wurde erreicht:

1.69000