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Short

USDCAD ANALYSIS WEEK OF JULY 10, 2016

FX:USDCAD   U.S. Dollar / Canadian Dollar
Price on the weekly chart looks like it has been lagging. Very hard to determine where price is heading. So lets look at the daily chart .

On the daily chart there is a pennant forming within the range. It hit the resistance of the pennant perfectly for a move down.

To get in on this trade lets look at the 4H chart. Ahh look at that a beautiful Head & Shoulders forming. I would enter right at the break of the neck.
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