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TheDailyTrader_FX
Feb 5, 2019 3:53 PM

USD/CAD 4H Bullish Head and Shoulders Long

U.S. Dollar/Canadian DollarFXCM

Description

Pair is currently forming bullish head and shoulders pattern after hitting major structure support and long term trend line . RSI has been oversold recently and is now diverging. I'll wait for pair to push price up to the previous structure support @ 1.31838 and wait for pullback from there, down to broken neckline of H&S .

Trade active

Profit target 1 and 2 reached. Waiting for 3rd.
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