USDCAD: Head & Shoulder pattern in progress

Short

U.S. Dollar / Canadian Dollar (FX:USDCAD)

Updated

FX:USDCAD U.S. Dollar / Canadian Dollar

Chart Patterns Trend Analysis

chartpattern trendanalysis

A clear break of pattern neckline hints further declines could be underway.

Selling USDCAD could be possible entry at 1.2790 targeting 1.2730 and 1.2610 with a stop above 1.2940

Comment:

TP1 reached at 1.2730 , we booked partial profit at +60 pips from entry and we continue to second target at 1.2610. move your stop loss now to entry level.

snapshot

Trade closed: target reached:

+180 pips done here, Hope you enjoyed it

Comment:

snapshot

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