USDCAD - Short - Bearish head and shoulders on 60m
This is an interesting entry since we've technically been hitting lower and lower resistance levels even though this short hasn't really "worked out" just yet, despite all the recent drama.
Along with divergences in each oscillator, there is a bearish head and shoulders that you can quite clearly see on the 60m and 120m charts. I think I'm going to be brave and follow my own advice and enter a short.
This lines up with the DXY short idea of mine and with how EURUSD looks like it's due for a bounce back to some resistance before continuing the downwards movement.
I'll get a good entry on the 1m chart and follow this just as closely as I've been following EURUSD.
Along with divergences in each oscillator, there is a bearish head and shoulders that you can quite clearly see on the 60m and 120m charts. I think I'm going to be brave and follow my own advice and enter a short.
This lines up with the DXY short idea of mine and with how EURUSD looks like it's due for a bounce back to some resistance before continuing the downwards movement.
I'll get a good entry on the 1m chart and follow this just as closely as I've been following EURUSD.
