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U.S. Dollar / Canadian Dollar
Short
Updated

USDCAD SHORT: Overbought market and channel

1 022
snapshot

on 4h usdcad is approaching a resistance line of a rising channel
formation of head and shoulders pattern on 1H chart confirms the potential reverse and drop to channels support.
I have shorted the pair:
T1 - 1.324
T2 - 1.320
Note
Market has retraced from right shoulder
Trade closed: target reached
T1 reached
Trade closed: target reached
Both targets reached
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CADcanadiandollarChart PatternsdollarForexshortTechnical AnalysistradingTrend AnalysisUSDUSDCADWave Analysis

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CADcanadiandollarChart PatternsdollarForexshortTechnical AnalysistradingTrend AnalysisUSDUSDCADWave Analysis
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Also on:

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.