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madsroland

Head and shoulder pattern

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
madsroland  
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD usdcadshort usdcadforecast Head and Shoulders short shortsetup
8
2
usdcad usdcadshort usdcadforecast headandshoulders short shortsetup
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.
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