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newbie2016
Apr 7, 2016 7:31 PM

Inverted Head & Shoulder Pattern in USDCAD Long

U.S. Dollar/Canadian DollarFXCM

Description

Buy on dips.

Comment

1hr chart...

Comment

4hr chart..

Comments
twmark
we will have to be a little bit patient again i guess
newbie2016
there are good chances for another drop below 1.30 and then jump...
newbie2016
sorry 1.31
twmark
you doing long term?
newbie2016
yes.. markets are crazy now a days... lets see tomorrow is going to be very volatile for ucad..
newbie2016
i am targeting 1.40.. i see oil deep down..
twmark
nice, i am doin long term too and we have the same target, well mine was 1.37 , do you use stop loss if so , which target? or how many pips ? and i hope tomorrow ucad will go up !!!
newbie2016
yes, if it stays above 1.30 then will be above 1.322 this time.. Stop Loss 1.28.. but its always good to book profits as well with intraday deals..
twmark
yup , cut the loss ;-) anyway ucad move alot during night !
newbie2016
It is volatile now a days in asian session due to usdjpy...
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