head and shoulders pattern on usdcad

5. Feb. 2019

hey traders,

dollar canada looks very oversold and I was looking for counter trend trades on this pair.
though I was stopped out from trading bearish abcd pattern I still expect a bullish movement.

Now I am focused on this almost completed head and shoulders pattern,
the zone that I highlighted is a decision zone,
bullish violation of this zone will mean bullish violation of structure and neckline.

Don't rush and let the market act above the neckline before you buy the market!

Remember, that you always can buy a retest.

the initial target is based on structure.

good luck!

5. Feb. 2019

Anmerkung

rejection

6. Feb. 2019

Anmerkung

market is going up

7. Feb. 2019

Trade geschlossen: Ziel wurde erreicht