Possible H&S: another opportunity to short USDCAD
As stated in a previous idea (tradingview.com/v/zvfsKhR3/) this pair has already been rejected on major daily structure. Now is setting up a possible head and shoulder pattern on lower timeframe (4h).
Many pin bars formed on Friday showing price rejection below left shoulder level of the formation.
Action:
On Monday look for price to not gap nor open above pin bar's tails and sell at market.
Target 1 at neckline, next profit taking zones on relevant structures looking left
Many pin bars formed on Friday showing price rejection below left shoulder level of the formation.
Action:
On Monday look for price to not gap nor open above pin bar's tails and sell at market.
Target 1 at neckline, next profit taking zones on relevant structures looking left
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.