Potential for a bounce in the 
USDCAD to form the right shoulder of Head and Shoulders pattern on the 4 hour chart.
Bounce around the "neckline".
Entry at 1.24470
Stop just below previous support at 1.24160
Target is the top of the Right Shoulder which should come into play around 1.25330
Published 10/11/17
USDCAD to form the right shoulder of Head and Shoulders pattern on the 4 hour chart.Bounce around the "neckline".
Entry at 1.24470
Stop just below previous support at 1.24160
Target is the top of the Right Shoulder which should come into play around 1.25330
Published 10/11/17
Note
Dancing on the Right Shoulder line. Reversal could take us down to the neck line where we anticipate a break in the range of 1.24330 - 1.24450. We will watch for the lower range to break at 1.24330
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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.