USDCAD: Double Top Pattern at Key Resistance Zone

已更新
Price has formed a double top pattern at a key resistance zone better seen at the daily chart below. The pattern forms at a level where we do have the fib projections of previous uptrends in addition to previous structure.

Selling the breakout of the pattern's neckline is our option..!

Daily Chart (Resistance Zone)
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RSI is overbought
交易進行
Price broke below the trendline. Sell orders got filled. Let's go!
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註釋
I get questions about sl and tp for this setup. Sl should be placed above the double top highs - 1.3400.. As for tp for those who wish to set and foregt a target 1.30500 would be a realistic level. I will update when we should move our stops to BE for a risk free trade..!
註釋
Price is dropping for good..! Move your stops at BE and enjoy a risk free trade ;)
Chart PatternsDouble TopTrend AnalysisUSDCAD

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