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Profound_Ambition
Oct 6, 2021 8:40 PM

USDCAD 12H Short

U.S. Dollar/Canadian DollarFXCM

Description

Price has formed a huge head on shoulders reversal pattern here on the higher timeframe. Price is now at the ascending trend line (Neckline) which aligns with a powerful area of support. I will be looking for a clear breakout of the neckline for price to make its way lower towards the zones below.

Comment

+200 pips!
Comments
JuanEncarnacion
24H and I see also a huge H/S pattern
Profound_Ambition
@JuanEncarnacion yes sir! 👏
sutac88
yes . it's seems like but the oil is bearish now and Cad strongly correlated ....
mohmisgh566
no....
Profound_Ambition
@mohmisgh566, feel free to share why you feel I am wrong?
Profound_Ambition
@mohmisgh566, lol I hope you used a stop loss my guy
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