morninjoe
Long

Inverted Head and Shoulders USDCAD

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Inverted H&S happening! USDCAD has already retraced to the neckline and is pulling back to the right shoulder which is also an area of support. If bounce from there happens then I believe it retraces through the FIB 618 and onto key resistance at 1.3500 where it had previously (and recently) established the top of a range.
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