Possible Head and shoulders with Cyplher on formation. SHORT
Note that an HEAD and SHOULDERS inverted is rising on the US CURRENCY index and it looks that the CAD INDEX is going down
Note that it is presenting and H&S formation on USD INDEX
It looks like an ABCD pattern is coming with a cup and handle, all together.
The entry point should be near the high. But can anyone let me know were it would be the exit point? Thanks
The one hour chart looks like it is forming a cup and handle. The weekly is heading higher to at least 1.23 (i think).
I am new to this. Sorry for any misjudgement. As i've been receiving ideas from you, just want to share one that i think is profitable. TP: 1.2855 SL: 1.2950