USDCAD - Possible Head and Shoulders
USDCAD - Intraday - We look to Sell a break of 1.3190 (stop at 1.3220)
Posted a Bearish Inverted Hammer Bottom on the Daily chart. Bespoke support is located at 1.3200. Buying posted in Asia. A bearish Head and Shoulders is forming. A break of 1.3190 is needed to confirm follow through negative momentum. The formation has a measured move target of 1.3120.
Our profit targets will be 1.3120 and 1.3100
Resistance: 1.3250 / 1.3274 / 1.3300
Support: 1.3190 / 1.3120 / 1.3105
Posted a Bearish Inverted Hammer Bottom on the Daily chart. Bespoke support is located at 1.3200. Buying posted in Asia. A bearish Head and Shoulders is forming. A break of 1.3190 is needed to confirm follow through negative momentum. The formation has a measured move target of 1.3120.
Our profit targets will be 1.3120 and 1.3100
Resistance: 1.3250 / 1.3274 / 1.3300
Support: 1.3190 / 1.3120 / 1.3105
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