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NoCeilingsTrading

USDCAD Buy Opportunity

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
NoCeilingsTrading Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Head and Shoulders USDCAD usdcadlong headandshouldersformation tripletop roundedtop longusd bearishcad
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supportandresistance headandshoulders usdcad usdcadlong headandshouldersformation tripletop roundedtop longusd bearishcad
- I am expecting some bullish pressure of the USD this week.
- Price may may a final bearish push that may create a bearish reversal pattern, testing the below area of support
- From there price will test the previous area of support which created the above head and shoulder (or triple top) before it broke below.
-This move is just a retracement to test that area before possibly dropping lower.
-Looking for price to test the 1.35 area.

Please, like or comment your idea/analysis !
Trade active:
Entered buy @ 1.32491
TP: 1.35000
SL: 1.31092
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