Head & shoulder pattern and it's time to buy USDCAD
Updated
Signal for buy
1. Doji candlestick & the bullish candle after that which confirm bullish trend
2. 61.8% Fibo of last bullish wave
3. right shoulder of H&S pattern
Buy = 1.304
SL = 1.294
TP1 = 1.32
TP2 = 1.335
1. Doji candlestick & the bullish candle after that which confirm bullish trend
2. 61.8% Fibo of last bullish wave
3. right shoulder of H&S pattern
Buy = 1.304
SL = 1.294
TP1 = 1.32
TP2 = 1.335
Note
The price is near the stop loss, and the trade will be failed. After that we can get the short position in the pullback.
Note
We will wait for the pullbackNote
profit = -100 pips
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