Anyone looking at the BEOB on USDCAD weekly? Does it look like it's settling back into the bear trend on it's way back to parity?
The H&S on the daily has broken the neckline which is in confluence with the 50.fib. I'm thinking sell @ 1.0275 - FTA 1.0200 S/L @ 1.0450, then at 1.0200 move the rest to B/E and go for parity?
If the H&S on the daily works out then I make the ultimate downside objective 565 pips
The H&S on the daily has broken the neckline which is in confluence with the 50.fib. I'm thinking sell @ 1.0275 - FTA 1.0200 S/L @ 1.0450, then at 1.0200 move the rest to B/E and go for parity?
If the H&S on the daily works out then I make the ultimate downside objective 565 pips
Anything can happen.