Mulai
ClassicalChartist

TRade #2 USDCAD head and shoulders Correction Retracement

Penjualan
Dollar A.S. / Dollar Kanada (FOREXCOM:USDCAD)  
ClassicalChartist Diupdate   
FOREXCOM:USDCAD   Dollar A.S. / Dollar Kanada
Chart Patterns
2
0
chartpattern
USDCAD broke into a down trend out of a head and shoulders and has pulled back to the neckline. This trade will be good because the pullback to the neckline had little consolidation and no bullish reversal at the bottom of the rally, so I think the rally will not hold and it will continue its bearish trend.
Trade aktif:
I would not be 100% confident on this trade because the rally to the upside was strong and there probably will be stop hunts around the neckline. Size positions wisely.
Trade aktif:
That was close!
Trading ditutup: stop tercapai
Komentar:
Re-cap:
I am unsatisfied with this trade. I should've never taken it in the first place, the retracement is too big. I might still be right about it going down, but it is not worth trying since the head and shoulders already happened.
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