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CelisJeremy
Jan 15, 2019 6:46 AM

Possible H&S Breakout USD/CAD 60 min. Short

USD/CADOANDA

Description

Once the price closes bellow the neckline of the H&S, there may be a possibility of a bearish movement. After a strong rally the bulls have somewhat run out of strength and consolidated. The price is already below the EMA and MA. This is just a possibility though. With the uncertainty of the U.S Gov't Shutdown and the CAD deciding not to raise rates , the pair still has no definite long term direction.
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