FullTimeTrader
Short

USDCAD-head and shoulders pattern

FX:USDCAD   U.S. Dollar/Canadian Dollar
1245 7 20
I see here a potential head and shoulders pattern forming.
This is a high probatility pattern and easy to trade.
I prefer to trade it at the beginning of the right shoulder (right now).
The ideal projected target is near 1.25000
TRADE ONLY ONE USD PAIR AT A TIME.
Best regards.

*****************DISCLAMER********************************************************************
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: @fxtrader2000
Rayge
a year ago
i prefer to short this pair at 1.33850
Reply
BLKS
a year ago
Agree, but my first target would be at 1.27100
TARGET TO ENTER SHORT FOR USDCAD
Reply
peterchung16
a year ago
You have to be careful with Head and shoulder pattern. For the bears, it is a head and shoulder. For the bulls, it looks like a bull flag wedge,(Three pushes down) reversing upward. I would only short for scalping, at the top of the shoulder and get out near the neck line.
Reply
FullTimeTrader peterchung16
a year ago
Hello, i do not trade patterns alone. Im based on my long term analysis that considers this pair already reached a top. The structure is first THEN i look for other setups (harmonics, technicals, HS patterns, etc). See my long term analysis.
USDCAD-final wavecount-expanding ending diagonal
Reply
hi FTT, thanks for the chart. I follow you all the time and find your charts really helpful. I wanted to ask you something but not directly related to this particular idea. Some times I see you draw lines like a 'Z' touching the top and bottom of the trend lines. Can you tell me what is that? I am new here and going through learning process. Thanks
Reply
FullTimeTrader SaifurRahman
a year ago
Hello, no idea, i do not draw such Z lines. May be you its a software's bug. Regards.
Reply
Baytrader
a year ago
Monthly View
Gartley of the Decade


Daily View has it falling very soon
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out