USDCAD

A very interesting structure with so many trading opportunities. A potential head and shoulders pattern is forming. The minor bearish Trendline has been broken and the market is at a potential neckline of the head and shoulders pattern, more confirms on the neckline will give a chance to sell. A formation of the right shoulder at a support level with more confirmations will signal buys. Furthermore, a break and a retest of the neckline will see the market rising to the next resistance zone with is also a third touch of yet another minor bearish Trendline. Opportunities to sell there are also possible.