USDCAD Analysis
On the daily timeframe, price formed a nice double bottom. Here on the 4H, we are also seeing a nice inverted head and shoulders pattern forming. I am bullish on this pair. However, I will wait for the break and retest of structure before going long. If USDCAD resumes it's downtrend, I will keep an eye out for a short.
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.