usdcad → is it the end of an upward?
hello guys...
as you can see a wedge pattern formed and the price broke it up!
consider it the price touched the target of pattern and I mention it on the chart!
now if you check the 4h timeframe:
you can see a head and shoulders pattern formed but the neckline has not broken yet! if the neckline breaks you can get a short position to the s&d area!
this area is also a potential area for starting an upward movement!
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
as you can see a wedge pattern formed and the price broke it up!
consider it the price touched the target of pattern and I mention it on the chart!
now if you check the 4h timeframe:
you can see a head and shoulders pattern formed but the neckline has not broken yet! if the neckline breaks you can get a short position to the s&d area!
this area is also a potential area for starting an upward movement!
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Trade closed: target reached:
target touched
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________
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the price broke down the neckline