USDCAD, 4hr timeframe, inverted shoulders head pattern
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Hello my friend,
Today i spotted a nice buy setup on USDCAD pair. There is a bullish divergence on daily timframe and a nice inside bar pattern so i am looking into 4hr timeframe to time my entry.
Surprisingly, there is an inverted shoulders head pattern forming and i think we are going to see price broken above the neckline soon.
Buy USDCAD 1.3420-30 Stop loss 1.3360 Take profit 1 @1.3480 Take profit 2 @1.3540
Good Luck
Disclaimer: I am opening buy position since 1.3420