Going to USD/CAD, we can clearly see that we've touched the upper boundary of a multi-month channel yet once again. Moreover, we can clearly see that we have fully developed "Left Shoulder" and "Head" for H&S pattern. All we need for completion of this mountain system is a "Right Shoulder". If/when it's properly formed it's time to execute our short position, all the way to 1.255 which is also a major support zone in addition to being the lower limit of our channel.
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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.