USDCAD is so bearish with H&S!SHORT SHORT SHORT!!!

Reason for shorts!

*So as you can see the chart,IT has broke the very strong uptrend channel line which has been going on for more than a month.which makes good reason for DUMPs.

*Although as weekly chart it is still BULLISH we should short them and see if the price breaks the purple lower trend line which has been there for more than a month too.

When to short!

*Please look at two possible H&S which are quite easy to see.Purple and Green.
Personally,I want to SHORT it with the GREEN H&S because it looks more profitable and less risk since i know where the stop loss should be BUT we also should take a chance of PURPLE H&S formation so i will tell you the BEST method to short it.

THE METHOD AND MY PLAN.

*Basically,I am willing to short this pair two times with two possible patterns.
Pattern 1:Short this pair once the price hits and rebound at the PURPLE H&S right shoulder,then if the price goes down and BREAKS the neckline of PURPLE H&S i will short it again.
Pattern 2:Short this pair once the price hits and rebound at the PURPLE H&S right shoulder,then if the price still goes up and rebounds at the right shoulder of GREEN H&S,I will SHORT IT AGAIN.

loss cut is simply when it goes above the rigght shoulder and confirms the price with candle stick.