USDCAD - Head & Shoulder Bottom at Structure

4 ביוני 2023

Here on the USDCAD we have a potential head & shoulders bottom pattern setting up. The head 7 shoulders pattern is a classic reversal pattern which is seen after the market is over extended after a long directional move. In this particular case the head & shoulders pattern also occurs at a previous level of structure support identified from the higher timeframe which lends more credibility to this level of interest.

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