EURCAD: True Bearish Reversal?!

295
EURCAD formed a classic head and shoulders pattern following a retesting of an important historical resistance level.

A break below the neckline, accompanied by a strong bullish candle, confirms a bearish signal.

I anticipate a corrective movement, potentially reaching as low as 1.5555.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.