USDCAD Head & Shoulders Pattern
Shorting the retest of the H & S resistance (blue line)
Target marked on the chart.
Target marked on the chart.
Note
Short just triggered at 1.348Stop 1.377
Target 1.306
Note
Position size: SmallReason is that we are in a very news driven environment atm, with lots of macro volatility, hence chart patterns may be less reliable.
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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.