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HayatoDragonFX

USDCAD, 4hr timeframe, inverted shoulders head pattern

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
HayatoDragonFX  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Chart Patterns usdcadanalysis USDCAD usdcadlong invertedheadandshoulders shspattern usdcadforecast usdcadbuy
6
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trendanalysis indicator chartpattern usdcadanalysis usdcad usdcadlong invertedheadandshoulders shspattern usdcadforecast usdcadbuy
Hello my friend,

Today i spotted a nice buy setup on USDCAD pair. There is a bullish divergence on daily timframe and a nice inside bar pattern so i am looking into 4hr timeframe to time my entry.

Surprisingly, there is an inverted shoulders head pattern forming and i think we are going to see price broken above the neckline soon.

Buy USDCAD 1.3420-30
Stop loss 1.3360
Take profit 1 @1.3480
Take profit 2 @1.3540

Good Luck

Disclaimer: I am opening buy position since 1.3420
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