CADCHF H/S ( possible formation)

After a big drop on CADCHF, there is a possible formation of a head&shoulder chart pattern, which allows to look for entries in the blue zone as marked. You can wait for the movement to complete and enter this trade manually, You can enter this trade on the neckline and place your stop loss on the previous shoulder or you can Place a sell limit in the area marked and catch a good entry.

Using a fib retracement, the zone indicates a retrcacement between 50% and 61%. LOOK for entries in the blue zone.