4H | USDCAD - H & S in the Making! Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Nov 2, 2016 3:01 PM

A simple H & S pattern seems to be at play in USD/CAD.
The divergence on the RSI is indicating a peak.
Neck line - 1.3352
Aggressive traders can sell here with stop at 1.3460.
Wait for neck line break for confirmation.

V.

USDCAD