Short on USDCAD based on a few confluences.
On the 4 hour we have formed a head and shoulders formation. Overall i am expecting weakness on USD. I'm expecting a switch in trend. In addition to the head and shoulders I also see a break and retest of a broken inner trend line.
Shorted on break of the neckline.
Next level of support ~1.3350
Risk Reward 1:2
-Best Regards and Safe Trading
On the 4 hour we have formed a head and shoulders formation. Overall i am expecting weakness on USD. I'm expecting a switch in trend. In addition to the head and shoulders I also see a break and retest of a broken inner trend line.
Shorted on break of the neckline.
Next level of support ~1.3350
Risk Reward 1:2
-Best Regards and Safe Trading
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.