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