USDCAD - Head & Shoulders Pattern - 22/04/2024

Short

U.S. Dollar / Canadian Dollar (EIGHTCAP:USDCAD)

EIGHTCAP:USDCAD U.S. Dollar / Canadian Dollar

trendanalysis harmonicpatterns chartpattern

USDCAD has seen a strong Bullish trend. However, a clear Head & Shoulders Pattern has been observed on the 1 hour time frame, confirming reversal of trend to Bearish.

Trade Call: Short
Entry: 1.37211
SL: 1.38064
TP1: 1.36359
TP2: 1.35500

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