USDCAD short setup H2 RR=2.7
Stochastic indicator shows that we are in overbought zone . Price formed a bearish butterfly pattern , I am expecting the price to go dow in order to test the neckline of inversed head shoulders pattern after the breakout made this week for a sell at 1.34507 , TP at 1.33426 and SL at 1.34907 you get a RR ratio of 2.7
Stochastic indicator shows that we are in overbought zone . Price formed a bearish butterfly pattern , I am expecting the price to go dow in order to test the neckline of inversed head shoulders pattern after the breakout made this week for a sell at 1.34507 , TP at 1.33426 and SL at 1.34907 you get a RR ratio of 2.7