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HayatoDragonFX

USDCAD, 4hr tf, inverted shoulders head / broadening pattern

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
HayatoDragonFX Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis usdcadbuy usdcadlong USDCAD invertedheadandshoulders Broadening Wedge broadeningtriangle buysignal buysetup
6
0
trendanalysis chartpattern waveanalysis usdcadbuy usdcadlong usdcad invertedheadandshoulders broadeningwedge broadeningtriangle buysignal buysetup
Based on the 4hr timeframe we could see there is a potential reversal pattern for USDCAD.
We could see USDCAD rotate higher as there is an inverted shoulders head pattern / broadening pattern.

Price already broken above the resistance.
We are going to time our entry on the pullback or retest of support. If prices continue going up, we will skip this trade and won't chase it.

Buy limit USDCAD 1.3580
Stop loss 1.3520
Take profit 1 @1.3645
Take profit 2 @1.3710

good luck
Trade active:
buy position triggered
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