Could this be another 123 top?

Good afternoon dynamic traders,

I've been stopped out of my USDCHF trade for a small loss of less than 3% which is all apart of the business of trading. Always keep in mind when trading any position "how much could I lose?" this will keep your emotions intact regardless of the outcome. I always use the 3% rule which allows me to act on my trade set ups without hesitation or reservation.

Below is a daily chart of the USDCAD which looks to be forming a 123 top. Take note of the previous resistance which we haven't closed beyond, the candle stick reversal and also the figure. I was looking to short this pair this morning but I didn't have my prefered entry set up. Now I'm waiting for a BOB on a smaller time frame of a trend line.














USDCAD forex chart from Advanced Get

Good trading