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SHORT USDCAD: head and shoulders pattern on overbought market

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
VasilyTrader Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators Technical Analysis Forex forexsignals forextrading dollar USD pattern short
18
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trendanalysis chartpattern indicator technicalanalysis forex forexsignals forextrading dollar usd pattern short
snapshot

very overbought market on dollar cad.
rsi shows clear divergence.
looking left we see a nice rejection candle indicating strong bearish pressure around this area.
now we have a formation of a head and shoulders pattern.

wait and sell the retest of the neckline.

Initial target 1.344
Trade active
Comment:
Market is close to Target
Comment:
Stop to breakeven
Trade closed: target reached
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