FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD long, rejected nicely off the neckline of the larger time frame H and S pattern and the 0.50 retracement. We saw a break of trendline and a higher high on the hourly chart, with a retracement back to my demand zone which has nice confluence with the 0.786 fib. I entered on the 30m bullish engulfing, and I have place my stop loss an ATR below the lows and will be targeting a retest of the highs at 1.34600.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.