madsroland
Short

Head and shoulder pattern

FX:USDCAD   U.S. Dollar/Canadian Dollar
We have an head and shoulder pattern on a 5M chart (not 15M as this one) USDCAD             . It could be that it makes a small reversal after crossing the neckline to test it. Thereafter we could see a drop to 1.34421. Since it had such a strong up trend the last two days it could go event further down to 1.33940.
AlekseiFundarenko
3 months ago
A good pattern, I almost forgot about it. Thank you!
Reply
madsroland PRO AlekseiFundarenko
3 months ago
@AlekseiFundarenko, yes it is really great and in this case it turn out to be really successful :)
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