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U.S. Dollar / Canadian Dollar
Short
Updated

USDCAD SHORT: Overbought market and channel

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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