Second head and shoulders spoted on 5min-15min chart + reversal?
1. was trading Usd/cad last week and i saw few reversal signs and i want to share.. 1. Rsi double bottom on weekly chart,
2. classic abcd was finished 1.38-1.21 -weekly chart,
3. i saw 2 head and shoulders which are reversal trend patterns - one on 1h chart and 1 on 5min chart,
4. trendline hited on monthly chart with 50% fibo retracemant..
Go long at breakout point 1.23150-1.23170
T/p 1.242
T/p 2 : 1.32-1.35
S/l 1.226
2. classic abcd was finished 1.38-1.21 -weekly chart,
3. i saw 2 head and shoulders which are reversal trend patterns - one on 1h chart and 1 on 5min chart,
4. trendline hited on monthly chart with 50% fibo retracemant..
Go long at breakout point 1.23150-1.23170
T/p 1.242
T/p 2 : 1.32-1.35
S/l 1.226
Note
Target hited
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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.