USDCAD H&S (Right Shoulder)
Price tests the support zone and looks like it's going to form a pin bar. If price does remain above support, it would confirm my prediction that price will form a H&S pattern.
On the 1H chart, we can see the H&S more clearly the previous test showed a bullish engulfing candle and on the current test of support we see another candlestick pattern on the support:
The exchange rate on the the daily chart also shows no signs of making a new high:
On the 1H chart, we can see the H&S more clearly the previous test showed a bullish engulfing candle and on the current test of support we see another candlestick pattern on the support:
The exchange rate on the the daily chart also shows no signs of making a new high:
Kommentera:
(Journal) No shoulder, it's all good, price decided to push through support, still blessed, prediction came through