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Dannicada

USDCAD LONG (4hr) : RETEST OF INVERSE HEAD AND SHOULDER NECKLINE

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Dannicada Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Chart Patterns Head and Shoulders
9
2
chartpattern headandshoulders
After forming a clear head and shoulder pattern, price has come back to retest the neck line which also lines up with the 0.5 fib level before continuing on its way up to at least the latest swing high on the 4hr
Trade active
Comment:
A double bottom seems to be forming right on that 0.5 fib level for added confluence to get involved
Trade closed: stop reached
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