Trade Ideas Educator: USDCAD H&S

A Head and Shoulders formation forms up and traded lower within the support and resistance area. If the market retraces back into the sell zone, which in this case the right shoulder it will produce a great selling opportunity.

This will all be valid if the market didn't reach 1.3255 before having the retracement back to the sell zone.

If all fails we still have the classic support and resistance trade.

Comment:

Trade Invalid as it hit Target before retraces. But look how amazing is the forecast.