USD/CAD Potential Head and Shoulders
There is a potential head and shoulder pattern forming nicely on the 4hr chart. For confirmation of a short, look for a break of the neckline of the pattern and a retracement back to the neckline (now resistance) before entering.
The overall recent trend of USD/CAD has been bullish, but we could be seeing a retracement to fibonacci support levels from the recent trend
Disclaimer: this is just an idea and not investment advice. Trade smart!
The overall recent trend of USD/CAD has been bullish, but we could be seeing a retracement to fibonacci support levels from the recent trend
Disclaimer: this is just an idea and not investment advice. Trade smart!
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.