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
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.