usdcad rejection of 78% /Daily trendline / Strong support (1.320
USDCAD has formed an inverse head & shoulder pattern on the 4hr with daily showing signs of the bulls coming back and price reacting to the 78% fib level a mayor trend line zone of a weekly Chanel with a possible yet another higher low forming.
Order set above the Inner TL once it has broken on the 4hr which is also the 4hr inverse h&S neckline.
The main confluence was the daily spinning top but its always good to zoom in the smaller time frames to get a full breakdown of the story happening alongside a tighter stop to maximise profits.
Order set above the Inner TL once it has broken on the 4hr which is also the 4hr inverse h&S neckline.
The main confluence was the daily spinning top but its always good to zoom in the smaller time frames to get a full breakdown of the story happening alongside a tighter stop to maximise profits.
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