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U.S. Dollar / Canadian Dollar
Short

(H1)USD/CAD(SHORT) - Re-upload

By khaim
  • Description

  • Price dipped below support of 1.25390 and remained there making three observed attempts to re-surface finally breaking through as a result of potential over-buy. Hence signalling an upcoming short.

  • Head and shoulders spotted on 15 minute chart with right shoulder closing lower than the left shoulder.

  • False breakout as the bearish trend can be seen to be strong and consistent.

    • Sub - Trade
Head and ShouldersSupport and ResistanceTrend Analysis
khaim

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