USDCAD H4 - Bounce to Form Right Shoulder
Potential for a bounce in the
USDCAD
to form the right shoulder of Head and Shoulders pattern on the 4 hour chart.
Bounce around the "neckline".
Entry at 1.24470
Stop just below previous support at 1.24160
Target is the top of the Right Shoulder which should come into play around 1.25330
Published 10/11/17
USDCAD
to form the right shoulder of Head and Shoulders pattern on the 4 hour chart. Bounce around the "neckline".
Entry at 1.24470
Stop just below previous support at 1.24160
Target is the top of the Right Shoulder which should come into play around 1.25330
Published 10/11/17
Comment:
Dancing on the Right Shoulder line. Reversal could take us down to the neck line where we anticipate a break in the range of 1.24330 - 1.24450. We will watch for the lower range to break at 1.24330