Short USDCAD
Monthly
H&S on monthly zone. bearish.
Weekly
H&S on weekly on same level as monthly H&S. current shoulder is supported by 2 previous shoulders.
Daily
Impulse followed by slowing down at weekly and monthly zone. TP set at IC. once price reaches that point there will be a trailing TP
4H
Decel on monthly and weekly zone. taking a decel trade based on weekly and monthly zones because the zones are very strong.
H&S on monthly zone. bearish.
Weekly
H&S on weekly on same level as monthly H&S. current shoulder is supported by 2 previous shoulders.
Daily
Impulse followed by slowing down at weekly and monthly zone. TP set at IC. once price reaches that point there will be a trailing TP
4H
Decel on monthly and weekly zone. taking a decel trade based on weekly and monthly zones because the zones are very strong.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.