No doubt one of my favorite chart patterns. Head and shoulders on H4 USDCAD with numerous M formations on lower timeframes. Looks like a very technical short to me so to all chart pattern junkies (myself included) an eventual further usd weakness could be proven by h4 closing under 1.0605-00. As of now I would be all over in this trade once that neckline is made into a "Colombian necktie"
Anyway this could be a week-long trade all the way down to 1.03. I would be more than happy and glad if a nice and kind person gets me out of my current analysis mysery in trying to jump on a sinking usdcad ship.
good luck all !
p.s. hmmm usd/jpy double top, eur/usd has some nice daily candlestick formation going on and looks like chf is going for h&s on the h4 chart
currrrrrrrrection ???
Anyway this could be a week-long trade all the way down to 1.03. I would be more than happy and glad if a nice and kind person gets me out of my current analysis mysery in trying to jump on a sinking usdcad ship.
good luck all !
p.s. hmmm usd/jpy double top, eur/usd has some nice daily candlestick formation going on and looks like chf is going for h&s on the h4 chart
currrrrrrrrection ???
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !