I have spot some chart patterns on Loonie (USDCAD) and Cable (GBPUSD). What I will do with them is, that I will trade them, placing stop orders at the extremes of spotted formations. My target is placed at the last swing high/low. Because today is the day with ECB rate statement, I hope that this wouldn't influence my trades, as it might get unexpected results.
First there is a head and shoulders pattern on Cable (hourly chart), which was drawn by the price after retracement from last month drop…