Get started
andrew.berg

USDCAD Head and shoulders pattern, potential short

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
andrew.berg  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Head and Shoulders reversal neckline strategy tactics
3
2
headandshoulders reversal neckline strategy tactics
I see nice Head&Shoulders pattern in USD/CAD with neckline at 1.09030. Moving averages curling down means that sellers keep preassure and control on price. Break below neckline which is our support could lead to further follow through. My intermidiate target is 1.08600 close to support zone.
Stop could be placed above 50 MA which follows price nicely.

Related Ideas

andrew.berg
Usd/Cad trade management review
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.