EURCAD Formed Head & Shoulder For Short Trade.

FX:EURCAD   Euro / Canadian Dollar
EURCAD is consolidating in a fixed range. Now, we may see a breakout from the consolidation pattern, as it formed a head and shoulder pattern (as shown in the chart). According to chart pattern analysis, we might see a downside in EURCAD. One can initiate short trade with risk management and stop loss.

Thank You.

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.