ZenDegen

USDCAD Head & Shoulders Pattern

Short
ZenDegen Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Shorting the retest of the H & S resistance (blue line)
Target marked on the chart.
Comment:
Short just triggered at 1.348
Stop 1.377
Target 1.306
Comment:
Position size: Small
Reason is that we are in a very news driven environment atm, with lots of macro volatility, hence chart patterns may be less reliable.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.