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$USDCAD - Forex technical trade note

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Barry Dumas
Screen Shot 2018-04-04 at 09.08.59

I am looking to place a short trade on the USD/CAD as I have spotted a Head and Shoulders technical pattern on the currency pair. Also keep an eye on the Dollar as it will be a factor when trading this pair.

Trade summary detailed below...

Trade: USD/CAD

  • Entry (Sell): 1.2770
  • Stop loss: 1.2944 above the right shoulder
  • Target price 1: 1.2671
  • Target price 2: 1.2509

ALSO READ OUR "FOREX CHARTING HACKS" TO BRUSH UP ON YOUR TECHNICALS

 

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