raynlim
Long

Inverse Head & Shoulder spotted at USDCAD D1

FX:USDCAD   US-Dollar / Kanadischer Dollar
USDCAD             , D1
Awaiting for market to hit 1.2780 as strong resistance spotted at that level. Aggressive Trader can plan for a short trade to 1.2450.
At 1.2450 Aggressive Trader can plan for a Long Trade as a probable Head & Shoulder may developed from here. Only when the price hits 1.2780 once again, it completes the Head & Shoulder Formation. Price Target will then be extended to 1.3150.

Trade Idea:
EP: 1.2450
ISL: 1.2400
Target1: 1.3000 (A level that I may partial profit, but will definitely shift Stop Loss to entry price, pertain a risk-free trade.)
Target2: 1.3150 (Final Take Profit Level)
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