USD/CAD Long - Reverse H&S formation Long

USD/CADOANDA

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⋅ Feb 20, 2019 7:31 PM

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.

Head and Shoulders USDCAD