POSSIBLE HEAD AND SHOULDER ON USDCAD

139
We are paying close attention to this chart pattern- the Head and Shoulder.
Price could retest the area of 1.25000, create a lower high there, and continue trending the downside.
This is a good opportunity to lock in short positions. Targets are at 1.23300, down below.

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.