SHORT USDCAD: head and shoulders pattern on overbought market

25 avr. 2019

very overbought market on dollar cad.
rsi shows clear divergence.
looking left we see a nice rejection candle indicating strong bearish pressure around this area.
now we have a formation of a head and shoulders pattern.

wait and sell the retest of the neckline.

Initial target 1.344

26 avr. 2019

Transaction en cours

26 avr. 2019

Note

Market is close to Target

26 avr. 2019

Note

Stop to breakeven

30 avr. 2019

Trade fermée: cible de profit atteinte