USDCAD formed a nice Head and Shoulder Pattern and now is testing the ressistance of the base of Head and Shoulder Structure. if we see clear rejection, a short trade can be taken with very good risk/reward ratio
I mentioned here, if we see a clear rejection. It doesn't happen all the time. The patter is there and the chances are bigger on the short side, it's about probability. Time frame is 1H and anything can happen in 1 day. On the other side, USDCHF is on a daily time frame, the stop loss is larger, the price is testing an important area. Yes, I am long on USD on a larger time frame, but I think that on a smaller time frame there can be corrections in price.
Forexinspiration
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4h
clownkiller680
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how can you be long on usdchf and short on this one doesnt make sense
On the other side, USDCHF is on a daily time frame, the stop loss is larger, the price is testing an important area.
Yes, I am long on USD on a larger time frame, but I think that on a smaller time frame there can be corrections in price.