At a resistance level the USDCAD is expiriencing some loss of momentum showing a clear divergence in this up side rally.
Then at the top of it, with the las friday decline the USDCAD is forming and could trigger a h&S.
The other thing that attracts me more to this trade is the convergence of the projection of the head from the las friday close, exactly to the 9813 las support zone.
And adding to that scenario the good risk reward of 1 to 2.
Then at the top of it, with the las friday decline the USDCAD is forming and could trigger a h&S.
The other thing that attracts me more to this trade is the convergence of the projection of the head from the las friday close, exactly to the 9813 las support zone.
And adding to that scenario the good risk reward of 1 to 2.