


newbie2016
We have 4hr Head & Shoulder Pattern. Inverted Head & Shoulder Pattern on Daily 4hr Double Bottom at 1.4055 Unfilled gap close to 1.447 Range 1.40 and 1.45 Strategy.. Buy on dips..!!!
Potential Double Bottom formation on 4hr and Daily chart is in process. As far as prices are above 1.28, A jump towards 1.40 is likely. Oil fallen below Daily Rising Trendline.
I stated in my the deal that as far as prices are above 1.28, we will see rebound.. so today prices broke below 1.29 and tested old support of 1.28 and 1.2835.. by going 1.2858 which resulted in strong rebound. As far as usdcad close daily above 1.28, I see another rebound towards 1.40. Daily close below 1.28 will start new downtrend for 1.20 and below.