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The3MBlueprint
Jun 27, 2022 12:35 AM

Potential Sell on USDCAD 8H Short

U.S. Dollar/Canadian DollarFXCM

Description

The USD has been on a bullish run with no seeming intent to stop. However there is a potential head and shoulders setup that is more easily seen on the 8H timeframe that may indicate a possible selloff to recover some imbalance. The TDI also shows a potential turning to the downside as it is over the 60 level. The current pullback will give a better entry with stops above the right shoulder at 1.3022

Comments
zAngus
Greetings, well done on posting your first chart. We hope you enjoyed the experience. Hope you enjoy the rest of the day.

From mod @zAngus
The3MBlueprint
@zAngus, thank you for the encouragement. I will certainly do some more.
zAngus
@Primus_Interpares29, TradingView rocks! If useful, have a look at our FAQ area or some of the how to videos I made for more Trading View Tips and Tricks .
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