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dionvuletich

USDCAD Weekly Bullish H&S Forming, Into Possible Monthly Cypher

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
dionvuletich Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Harmonic Patterns Chart Patterns
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harmonicpatterns chartpattern
Already long for a while now but looks like there could be further CAD weakness which may not be positive for Oil
Looking to run last portion of an earlier trade as far as possible and look for opportunities to join the shorter term uptrend

Quite a big profit potential so might leave a few positions running for a number of months
Comment:
Suspect it may come back to 1.2525 area before moving higher, might scale in there
Comment:
Not going to hold much hope for this if it breaks 1.2433, I have some concerns re USD based on what commodities are doing - Especially silver and oil right now. Wait and see!
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