Short. H&S pattern monthly TF. Target at -27fib last leg up.
Weekly needs to finish M pattern. 4h entry because of H&S
I think it needs to finish the pattern it is making on monthly and weekly. Target is -27fib of last leg. Entry after retrace up to 50%, 61.8% area.
On Yieldowl.com I analysed the higher timeframes, and now I taking this short
On Daily it hit -27 fib and therefore it need to make a Retrace up to 61.8 fib of the last leg down.
I am shorting usdcad based on W pattern. Target is -27 fibonacci and weekly trendline