nikitafen46
Short

USDCAD 4h Double Top Formation

FX:USDCAD   U.S. Dollar/Canadian Dollar
On the USDCAD             pair, we've had a decent up movement on the daily chart for about 580 pips. Now a double top has formed with the second top being lower than the second one. Essentially, this is a textbook double top formation. Price is now at what one would call the neckline, and if broken, I am placing a sell order at 1.3375 with a target of 1.3325 and a stop loss at 1.3425.

1:1 risk/reward ration
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