CAD/USD 15-Minute Analysis: Head & Shoulders Breakout
CAD/USD 15-Minute Analysis: Head & Shoulders Breakout
On the 15-minute time frame, CAD/USD has formed a Head and Shoulders pattern, and the price has broken below the neckline trendline, signaling potential bearish momentum. Here's my idea:
Entry:AT 0.4146$
Target: The next significant support level, marked in the green zone.
This pattern suggests further downside, but as always, manage your risk carefully and monitor price action as we approach the target zone.
Let me know your thoughts and share your analysis below! 👍
On the 15-minute time frame, CAD/USD has formed a Head and Shoulders pattern, and the price has broken below the neckline trendline, signaling potential bearish momentum. Here's my idea:
Entry:AT 0.4146$
Target: The next significant support level, marked in the green zone.
This pattern suggests further downside, but as always, manage your risk carefully and monitor price action as we approach the target zone.
Let me know your thoughts and share your analysis below! 👍
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