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USD/CAD Reverse Head and Shoulders

by Timothy E, February 5, 2021

USD/CAD D1 Technical

by Timothy Elroy February 5, 2021

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USD/CAD

|

Long

|

D1

Timeframe:

D1

Analysis Method:

Technical

Analysis:

Weekly MACD points to a move up, nearest demand level 1.306. Looking for a long at the confirmation of the RH shoulder with a stop under nearest daily supply zone of 1.26750.

Trade Plan:

Entering long at 1.274, SL at 1.26750, TP at 1.306

Risk Management:

Risk/Reward Ratio 4.92

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