Monday, November 12, 2012

USDCAD Head-and-Shoulder Trade

myfxvoyage.blogspot.com USDCAD Head-and-shoulder Short Trade`
USDCAD H1
USDCAD pair is making out a head-and-shoulder pattern on hourly timeframe. 

Neckline is resistance-turned-support. And a break below it should accelerate down move. 



If this pattern is to carve out well, then price should go high max 10/15 pips and then to the neckline. I plan to short the pair at 10/15 pips above the parity and also on a break of neckline.


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