USD/CAD Possible H/S reversal on the H1

Short

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)

Updated

OANDA:USDCAD U.S. Dollar / Canadian Dollar

trendanalysis chartpattern usdcad usd cad forex

Laying out a scenario for the USD/CAD if price action stays in this range and breaks the neckline I expect price to head to the 1.3155 area.

Comment:

DId I mention it was a bullish reversal?! Price tested the neckline and invalidated the H/S pattern with the strong close above 1.3275

Disclaimer

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.