FX:USDCAD   U.S. Dollar / Canadian Dollar
After an impulsive week on this pair we still believe that the USDCAD is bullish ,
based on the analysis we have seen the pair created a left shoulder and its on its way to
creating a right shoulder ,
the right shoulder should be completed on the support area and that falls in line with the Fibonacci retracement 61.8%.

I will only take the trade if i see a candlestick rejection of the support area alongside other confirmations.

Confirmations would be :

1 - Rejection of the support area
2 - Right shoulder complete to for ma head and shoulder pattern.
3 - Rejection of the fib level 61.8% - 78.6% (the support area is between those levels)
4 - Candlestick rejection ( Pinbar or a doji )


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out