Hey guys, back with another analysis. I just found a high probable setup on USDCAD. Please do like and comment and follow for more. :)
Daily, we can see it is respecting this bearish trend making LL and LH, I think it has made the LH and it should continue bearish from now. Also got a confluence from Fibonacci Retracement, it is at the golden zone of 61.8%.
H1, we can see it has made a head and shoulders pattern too giving more confluences for this trade. Break and retest of the neckline would be the best way to enter, I have entered aggresively.
Please you proper risk management if you will follow this trade.
Thanks. :)
Daily, we can see it is respecting this bearish trend making LL and LH, I think it has made the LH and it should continue bearish from now. Also got a confluence from Fibonacci Retracement, it is at the golden zone of 61.8%.
H1, we can see it has made a head and shoulders pattern too giving more confluences for this trade. Break and retest of the neckline would be the best way to enter, I have entered aggresively.
Please you proper risk management if you will follow this trade.
Thanks. :)
Trade closed manually:
Closed around breakeven small loss