USDCAD LONG (4hr) : RETEST OF INVERSE HEAD AND SHOULDER NECKLINE
After forming a clear head and shoulder pattern, price has come back to retest the neck line which also lines up with the 0.5 fib level before continuing on its way up to at least the latest swing high on the 4hr
Trade active
Note
A double bottom seems to be forming right on that 0.5 fib level for added confluence to get involvedTrade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.