TradersClassroom
Long

Potential Head and Shoulders Pattern

FX:USDCAD   U.S. Dollar/Canadian Dollar
38 2 0
USDCAD             is currently in the process of making a head and shoulder pattern. The pattern is a little over 300 pips in height. That would put it up around the highest high. Look for a break of the neckline around 0941

Happy Trading

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FullTimeTrader
2 years ago
Thanks for this idea. When i see a head and shoulder patter forming i prefer to enter at the beginning of the right shoulder.
Better R/Reward ratio
I will enter as soon as posible
Reply
TradersClassroom FullTimeTrader
2 years ago
Yeah you can do that as well because sometimes the neckline acts as resistance and it never breaks it. Happy Trading! Good Luck
Reply
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