FX:USDCAD U.S. Dollar / Canadian Dollar
FX:USDCAD showing a Complex pattern with 2 heads and 2 shoulders.
- Two heads appear as , so resistance there is strong.
- On friday price was just above the neckline and today sunday it opened just below so we enter the trade in a sell position
- 4 x & MA shows clear downtrend
- Measure from top of the pattern to the neckline and project that for TP2 (just above mayor zone)
- TP1 above minor zone. SL above last Lower Low that match a
Trade closed: stop reached: SL hit. Should have set it above right shoulder. Will enter another trade at a better price.