USDCAD: Enter Long on Trend Line Break
Strategy: Pending Long
USDCAD carved out an inverted Head and Shoulders bullish reversal chart pattern and took out the formation’s neckline at 0.9667to stall ahead of trend line resistance set from November.We will look for confirmation on a daily close above said trend line to enter long. The Head and Shoulders setup implies a measured target at 0.9920.
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