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EmanuelSpektor

USD/CAD Long - Reverse H&S formation

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
EmanuelSpektor  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Head and Shoulders USDCAD
1
0
headandshoulders usdcad
We are seeing a Reverse H&S formation. It needs to hold the current level for it to confirm. We are also about to bounce from the 200 MA. It is oversold in my opinion. Might not happen right away, but I expect a bounce back up from here.
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