SHORT USDCAD: head and shoulders pattern on overbought market
Updated
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
Comment
Market is close to TargetComment
Stop to breakevenTrade closed: target reached
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