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U.S. Dollar / Canadian Dollar
Short
Updated

SHORT USDCAD: head and shoulders pattern on overbought market

1 014
snapshot

very overbought market on dollar cad.
rsi shows clear divergence.
looking left we see a nice rejection candle indicating strong bearish pressure around this area.
now we have a formation of a head and shoulders pattern.

wait and sell the retest of the neckline.

Initial target 1.344
Trade active
Note
Market is close to Target
Note
Stop to breakeven
Trade closed: target reached
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Chart PatternsdollarForexforexsignalsforextradingTechnical IndicatorspatternshortTechnical AnalysisTrend AnalysisUSD

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Chart PatternsdollarForexforexsignalsforextradingTechnical IndicatorspatternshortTechnical AnalysisTrend AnalysisUSD
VasilyTrader
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❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.