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RizeSenpai
Feb 11, 2021 12:19 AM

Inverse Head and Shoulders: Channel Breakout Soon? Long

USD/CADOANDA

Description

We got Daily Bullish Divergence on both the RSI and MACD and are at a potential Right Shoulder of an Inverted Head and Shoulders Pattern.

I would long here and set my stop below the last low.

Profit taking at the 38.2% Fibonacci retracement.

Trade closed: stop reached

Comments
Equation1
Nice one, I saw same inverse head and shoulders in the daily time frame and we might be in for the 1.3000 level. Cheers
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