BhaktaBasics

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About me Full time trader that sticks to the basics! Keeps trading simple by following a plan, keeping emotions in control and applying strict money management.
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Top Mentioned Symbols
USDCAD 100% | 1
BhaktaBasics BhaktaBasics USDCAD, 60, Short ,
USDCAD: USDCAD Potential bearish head and shoulders
80 0 2
USDCAD, 60 Short
USDCAD Potential bearish head and shoulders

On the 1H chart I have noticed a potential bearish head and shoulders pattern. Option 1 (Riskier): Short at predicted peak of right shoulder (using appropriate SL) Option 2 (Conservative): Short after the break of the neckline around 1.313 (using appropriate SL) Target around 1.306 representing decent RR ratio. Good Luck!

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