USDCAD Head and shoulders pattern, potential short
I see nice Head&Shoulders pattern in USD/CAD with neckline at 1.09030. Moving averages curling down means that sellers keep preassure and control on price. Break below neckline which is our support could lead to further follow through. My intermidiate target is 1.08600 close to support zone.
Stop could be placed above 50 MA which follows price nicely.
Stop could be placed above 50 MA which follows price nicely.
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