Possible Head and Shoulder reversal pattern found on a Bullish Market for USD/CAD.
Will be watching price action to see if it can break the T.L and retest to the 61.80% fib level before entering for a possible short.
Will also keep an eye out on DXY as on the H4 there looks like a rising wedge/triangle and as a result can break out in either direction.
Will be watching price action to see if it can break the T.L and retest to the 61.80% fib level before entering for a possible short.
Will also keep an eye out on DXY as on the H4 there looks like a rising wedge/triangle and as a result can break out in either direction.
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.