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YertuntsTrader

USDCAD ! It looks like a Head and shoulders pattern, short idea

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
YertuntsTrader Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD usdcadshort usdcadanalysis usdcadforecast usdcadidea Ascending Channel headandshouldersformation
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trendanalysis chartpattern indicator usdcad usdcadshort usdcadanalysis usdcadforecast usdcadidea ascendingchannel headandshouldersformation
USDCAD has been trading in an ascending channel for a long time. I currently see a USDCAD made Head and shoulders pattern on the daily chart, but neckline has not been broken yet. If the neckline breaks, of course it will be confirmed. Therefore, it is too early to see long trades, I think you should open a long trade test 100 EMA..
Comment:
Support is broken, Look carefully.
snapshot

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