Possible H&S: another opportunity to short USDCAD
As stated in a previous idea (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
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
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