USDCAD-H1-inverse head and shoulders Long

FX:USDCAD60

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Nov 8, 2017 3:38 PM

Low risk trade, we can see and inverse head and shoulders and trendline retested.
SL below last low.

Best regards.

Chart Patterns Inverse Head and Shoulders

Comments

LotusTrading20

⋅ Nov 8, 2017 5:54 PM

Good point, but a H&S, is only so once neckline is broken.

FullTimeTrader

⋅ Nov 8, 2017 6:02 PM

@chocotraders, Thats right but its depends on trading style. You can enter once neckline is broken (conservative). I prefer to enter on right shoulder (agressive).
Regards.