OANDA:USDCAD   U.S. Dollar / Canadian Dollar
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8
Price has finally come down in the HNS pattern (yellow) and making a pullback today in a small triangle (green) and this will be a good opportunity for SHORT as it moves in the bearish sinusoidal momentum forming the Right Leg of HNS. All these combinations of chart patterns in one setup is totally unique!

Good Luck guys!
Trade active: Hit TP 1. There will be temporary pullback before gearing down to the next TP.

All the best!
Trade closed: target reached

Comments

Possibility long for usdcad ??
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Stethostrade mohitkumawat007
@mohitkumawat007, if there is Head & Shoulder pattern, there is 80% chance of win in this trade setup. So USDCAD remains bearish until price breaks the key level or at the level of the Head of H&S or @ 1.3710. Above this level, I will close trade and opt for LONG. Hope this help.
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