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AEFX786

USDCAD Sell Opportunity with +1800pip Short Target (Longterm)

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
AEFX786 Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Support and Resistance USDCAD usdcadsignal usdcadshort usdcadsell usdcadanalysis usdcadbearish
3
0
trendanalysis chartpattern supportandresistance usdcad usdcadsignal usdcadshort usdcadsell usdcadanalysis usdcadbearish
See the screenshot from monthly timeframe below. We are trading against a prominent inverted Head & Shoulders pattern which has clearly broken the neckline and completed a successful retest. Therefore, I have taken a small position of 0.25% capital risk and if price action permits, I will look to add this position at a later stage.

Monthly Outlook:
snapshot

Caution - Inverted Head & Shoulders:
snapshot
Comment:
+270pips... slowly but surely!
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Disclaimer: I do not take all of the trades I publish.
Disclaimer

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