USDCAD Head and Shoulders 4 Hour Chart

٨ نوفمبر ٢٠٢٢

This is a great example of a head and shoulders pattern and i plan to go short for a long term trend on this one! Since i trade 4 hour charts I'm going to be patient. I have seen these patterns go in the other direction before but so far they are the most accurate and predicting trends. When i had the 200 EMA on the chart the tail of the shoulder was touching it showing that it's a key resistance. I set my Limit order just below it and now i just got to be patient :)