NZDCAD looking to retrace after H&S breakout targets met

Note
-NZDCAD showing signs of slowing down after intraday rejection of higher price (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT RESISTANCE
-NZDCAD has reached an appropriate target level after breaking out of the head and shoulders (4% range of pattern and 4% target for breakout)
-Breakout traders will likely take profit and short sellers will enter as well
-Stochastic severely overbought at resistance

Entry
-Keep enough distance below the low of the reversal daily candle to confirm a transition of power from bulls to bears

Stop
-Above the high of the reversal daily candle

Target
-2 times stop

Risk Management
-Risk 1% to 2% of capital
-Ratio: 2:1