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TheBulltrader
Feb 10, 2017 8:12 PM

USDCAD Breakout| Head & Shoulders| Long

U.S. Dollar/Canadian DollarFXCM

Description

The Range Delta Indicator previously showed a buying signal on January 16th.
Since then, usdcad has gone up and down but staying in range as you can see on the sideways movement on the indicator.
We have a potential head and shoulders pattern and indicator's green bollinger band is moving up which could show a strong move higher.

USDCAD has stayed above main support 1.30 and remain bullish above my below trendline
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