In the midst of all this testing of forex day-trading, here’s a follow-up on the USDCAD Head and Shoulders chart pattern trade. It’s only one trade, but when you get one like this and manage it accordingly, it’s a big whopper for so little work.
This is the 5th follow-up post on the USDCAD head and shoulders pattern.
The series of posts can be found here:
- USDCAD Head and Shoulders 01
- USDCAD Head and Shoulders 02
- USDCAD Head and Shoulders 03
- USDCAD Head and Shoulders 04
USDCAD Head and Shoulders Trade
Here’s the follow up on what a beautiful position trade this is turning out to be. Entering on the break of the neckline, and managing the trade would now have resulted between 850 ~ 900+ pips in profit.
The USDCAD Head and Shoulders Daily Chart
How’s that for a nice chunk of change?
