USDCAD H1 SHORT OPPORTUNITY - DOUBLE TOP PATTERN
Hey traders,
THis is my analysis on the USDCAD for the H1.
We can see a double top formation on the H1 charts.
Price has broken through the neckline and retested.
The neckline is also a S/R if we look at the left of the chart.
RIsk to Reward: 2
MACD also has bearish signs on the H4 with a cross.
An engulfing candle of the 2 previous bars shows bears coming in.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
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ForexShinobi
THis is my analysis on the USDCAD for the H1.
We can see a double top formation on the H1 charts.
Price has broken through the neckline and retested.
The neckline is also a S/R if we look at the left of the chart.
RIsk to Reward: 2
MACD also has bearish signs on the H4 with a cross.
An engulfing candle of the 2 previous bars shows bears coming in.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi
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