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U.S. Dollar / Canadian Dollar
Long

head and shoulders pattern on usdcad

By VasilyTrader
Updated
snapshot

hey traders,

dollar canada looks very oversold and I was looking for counter trend trades on this pair.
though I was stopped out from trading bearish abcd pattern I still expect a bullish movement.

Now I am focused on this almost completed head and shoulders pattern,
the zone that I highlighted is a decision zone,
bullish violation of this zone will mean bullish violation of structure and neckline.

Don't rush and let the market act above the neckline before you buy the market!

Remember, that you always can buy a retest.

the initial target is based on structure.

good luck!
Note
rejection
Note
market is going up
Trade closed: target reached
Head and ShouldersTechnical IndicatorsSupport and Resistance
VasilyTrader
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