USDCAD is making bearish head and shoulder pattern.
However, the pattern is not complete yet.
If price drops below 1.24424 level and candles closes below that level, on retrace back to same level I will be putting sell trade and my target will be 1.23663 and 1.22989 support levels.
Head and shoulder pattern plays with 80-90% accuracy if properly identified.
I will wait if price breaks the neckline after that I will be taking this trade.
However, the pattern is not complete yet.
If price drops below 1.24424 level and candles closes below that level, on retrace back to same level I will be putting sell trade and my target will be 1.23663 and 1.22989 support levels.
Head and shoulder pattern plays with 80-90% accuracy if properly identified.
I will wait if price breaks the neckline after that I will be taking this trade.