USDCAD: a clear example of Head and Shoulders pattern
After forming bearish head and shoulders pattern, USDCAD clears the neckline to the downside targets.
one of the basic characteristics of Head and shoulder pattern is the ease of spotting targets as you can calculate expected targets by measuring the price range between the head and the neckline. As spotted here on the above chart, it's clear that the measured target achieved and USDCAD finds a little support after.
Hope you enjoyed this quick review of Head and Shoulders pattern
one of the basic characteristics of Head and shoulder pattern is the ease of spotting targets as you can calculate expected targets by measuring the price range between the head and the neckline. As spotted here on the above chart, it's clear that the measured target achieved and USDCAD finds a little support after.
Hope you enjoyed this quick review of Head and Shoulders pattern
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.