Get started
trendtrader4u

USDCAD head and shoulder pattern in progress

U.S. Dollar / Canadian Dollar (FX_IDC:USDCAD)  
trendtrader4u Updated   
FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns
9
0
trendanalysis chartpattern
Making new lows and violating support area. No indication of any short term bounce to upside.
Comment:
Price coming close to a decent demand area, HOWEVER still no strength. Stops can be used to maximize profits. Patience is key in trading.
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.