U.S. Dollar / Canadian Dollar

Short

Updated

USDCAD POSSIBLE SHORT

Confluences:
Head and shoulders
Downtrend (4 touches on trendline)
Touch on the 38.2%

Note

Stopped out of the trade. Upon analysis, I discovered that the massive push to the upside on Aug 11 at 9:00 was a touch on a larger uptrend. I missed that part in my analysis.

Note

Edit: Aug 13 @ 9:00, not Aug 11

Also on:

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Also on:

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.