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harisonhbn9718

USD/CAD show a sign of price rejections of demand!!!

Long
U.S. Dollar / Canadian Dollar (FOREXCOM:USDCAD)  
harisonhbn9718  
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis usdcadlongs shoulderheadshoulder Forex Rising Wedge
4
1
trendanalysis chartpattern beyondta usdcadlongs shoulderheadshoulder forex risingwedge
In H4 timeframe we see that USD/CAD is so bearish in the expectative, for now, we found out that USD want to up at least 100 pips or pull back later that in Daily we broke down the Shoulder Head Shoulder. That expectative could reach the price in the 0.382% of Fibonacci using the Daily timeframe, that mean a movement of 100 pips to pick up our earnings. And then, in the 1.3470 approximately we could to put in short position with always the confirmation of price action, it's important to entry in the best zone to buy or sell.

snapshot

We could see in mid-term the bearish trend following the EMAS that I use to apply in this technical analysis and I believe that the price want' to go up into the EMA 30 in Daily, that is a possibility to earn.

And also, as reference we see a bullish rising wedge!!!
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