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
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
