SHORT USDCAD: head and shoulders pattern on overbought market

25 Nis 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 Nis 2019

İşlem aktif

26 Nis 2019

Not

Market is close to Target

26 Nis 2019

Not

Stop to breakeven

30 Nis 2019

İşlem kapandı: hedefe ulaştı