USDCAD: Do you see it?
There is an inverted head and shoulder on the shorter time frame. The pair has failed to make new lows after a crazy start to the year. This indicate to me that USDCAD will continue its way back up. Wait for the neckline break to buy on a retest. The retest will make the BC leg for a bat pattern forming for a short opportunity. Target 2 on the Bearish bat will also give a great long opportunity to continue longing this pair to the upside if it make newer high above 1.32100.
Trade with care :D.
Trade with care :D.
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