USDCAD is forming an ascending broadening wedges reversal pattern along with a reverse H&S. It may take the price action to as high as 1.1800 before it sharply reverses to parity. If valid most likely scenario will be end of 2015 or early 2016.
Mmm im not dure it may work out, simply becouse there is a dynamic resistance coming from a very distant candle... In the past.
Turn on weekly or monthly chart and look! Then the head is very high and the break out should give a movements as long as how deep is the head from the neck line... Let's see how it close tonight
Turn on weekly or monthly chart and look! Then the head is very high and the break out should give a movements as long as how deep is the head from the neck line... Let's see how it close tonight