I opened a short position in the Canadian Dollar with a stop at 0.78145 and a target of 0.75. It made a very sloppy H&S top. It is a multi-year pattern and the right shoulder is prolonged and higher than the left shoulder.
I should have waited until after the FOMC meeting to enter new positions but I have a strong desire to be short this market. The US dollar looks like it wants to rally and the Canadian Dollar looks vulnerable. I am only risking 50 basis points on this trade.