nakedchartist
Short

AUDCAD head and shoulders

FX:AUDCAD   Australian Dollar/Canadian Dollar
looking to play off a potential right shoulder for AUDCAD            
i have set a RRR             of 1:2.5, looking for TP at neckline
Price seems to have exited the h4 channel but still being flattish. Time can only tell if this exit from channel to lead to subsequent downmove.
It was tough to get this one. although price did eventually move in the correct direction, I was SL at the red resistance. Leveraged trading is not easy, unless one is willing to downsize and allow more space for trades to breathe, in order for it to reach its final destination.
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