I'm looking for a swing trade on USDCAD. The dollar is overbought, there is major resistance at 1.3 and 1.305, which has been retested, and is currently forming a head and shoulders. Target is 1.26.
Head and shoulders could be forming. It’s bouncing around a long term trend. There’s also a doji on the higher time frames.
dxy is going up, double top, minor breakdown. going short
Opening a couple positions on this pair. Gonna try and short to about 400