A head & shoulders pattern has formed on the USDCAD and a brakeout occured on Jan 11 2022. We are now at a retest of the neckline, a Stoploss should be set above the right shoulder and a Takeprofit @ 1,2265.
Trade active
I'm reducing the size of my position by half, ahead of the Fed Rate desision and moving my stoploss to breakeven +20.Trade closed: stop reached
breakeven +20 hit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.