usdcad rejection of 78% /Daily trendline / Strong support (1.320

FX:USDCAD   U.S. Dollar / Canadian Dollar
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.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out