FX:USDCAD   U.S. Dollar / Canadian Dollar
After price action most recently respecting a larger weekly trend line price broke above previous structure and has already tested this level once. Currently price action is quite possibly forming a head and shoulders pattern which is also a reversal pattern. Wait to see what happens but i will be waiting to see at least this pattern complete but i will also be interested if we get a double bottom down at this black box also. This box either needs to be broken or respected in order to enter a trade, no trade currently but one to watch. Favouring a buy set up.