FX:USDCAD   U.S. Dollar / Canadian Dollar
105 0 2
We were quite accurate on this trend change. When there is high volatility on a strong trend with other indications combined, one can say that the trend is exhausted. This phenomena can be witnessed in various markets with high degree of accuracy. Now for today's analysis. We see a Head and Shoulders formation which already broke the H$S trend line . A possible scenario now is a VERY fast move up back to 1.3 levels. This is very typical with H&S Pattern and shall be considered. This I would recommend for scalpters only as it would be very fast, if it ever happens. Watch for a strong thrust bar upwards to enter this short leg retracement. For long term guys wait until the current bear trend start making a base at around 1.2847. Good trading
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