USDCAD - Complex Head & Shoulders Pattern

USDCAD showing a Complex Head & Shoulders pattern with 2 heads and 2 shoulders.

• Two heads appear as pivot points, so resistance there is strong.
  
  
• On friday price was just above the neckline and today sunday it opened just below so we enter the trade in a sell position
  
  
• 4 x EMA & MA shows clear downtrend
  
  
• Measure from top of the pattern to the neckline and project that for TP2 (just above mayor zone)
  
  
• TP1 above minor zone. SL above last Lower Low that match a Pivot Point
  
  

Trade stängt: Stopp nått:

SL hit. Should have set it above right shoulder. Will enter another trade at a better price.