ForexSignalsPro

USDCAD Head and Shoulder Pattern Identified

Short
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Usdcad still stalling after making attempt to break-out from the 5 months resistance zone shown by the channel. The Head and shoulder pattern formed opens a good opportunity to short the Usdcad pair from current price 1.30800 to 1.29350 as bearish moments should be expected over the next 3-4 days.

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.