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forexmilitia

Daily Bearish USDCAD Head & Shoulders pattern

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
forexmilitia Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators shortusdcad bearishheadandshoulders
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trendanalysis chartpattern indicator shortusdcad bearishheadandshoulders
A head & shoulders pattern has formed on the USDCAD and a brakeout occured on Jan 11 2022. We are now at a retest of the neckline, a Stoploss should be set above the right shoulder and a Takeprofit @ 1,2265.
Trade active:
I'm reducing the size of my position by half, ahead of the Fed Rate desision and moving my stoploss to breakeven +20.
Trade closed: stop reached:
breakeven +20 hit
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