USDCAD D1 Analysis

2017년 10월 7일

I foresee USDCAD to rise. We might expect to see a reverse Head and Shoulder pattern forming on the D1 time-frame.
A great Long ( buy ) entry would be after the second shoulder has formed. We will then expect to see a Bullish Engulfing Candle at the support, which is a great confirmation to go long.
H4 time-frame can also be used to identify a good place to enter the trade.
We have a previous trendline resistance which now acts as our trendline support, together with our horizontal support level.
When it breaks the trendline resistance, we can add more long positions and then hold until our target has been reached.

2017년 10월 12일

노트

The second shoulder of this Head and Shoulder pattern is forming on this pair. The bulls want to start coming in.

2017년 10월 16일

노트

Second Shoulder Formed

2017년 11월 7일

거래청산: 타겟 닿음

Our Target is hit