USD/CAD DAILY H&S

By TradingFace
Updated
UC is currently forming an upside down, head and shoulders. This means there is probably going to be a short opportunity within some days. Im trying to catch the dip on the right shoulder.

MY PLAN.
- ENTRY: 1.33222
- SL: 1.33941
-TP: 1.31400

If this bull flag (currently also taking place) is strong enough to stop me out, i'll watch for re-entry around 1.3400 (if i get confirmation).
Trade active
TP1 reached
Comment
After this intense drop, i expect a retrace before heading back down.
Trade closed: target reached
Perfectly executed.
Chart PatternsForexforexanalysisforextradingTechnical IndicatorsrightshouldershortTrend AnalysisUSDCAD

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