simontien
Short

Possible H&S: another opportunity to short USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
As stated in a previous idea (https://www.tradingview.com/v/zvfsKhR3/) this pair has already been rejected on major daily structure. Now is setting up a possible head and shoulder pattern on lower timeframe (4h).
Many pin bars formed on Friday showing price rejection below left shoulder level of the formation.

Action:
On Monday look for price to not gap nor open above pin bar's tails and sell at market.
Target 1 at neckline, next profit taking zones on relevant structures looking left
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out