USDCAD INVERSE HEAD & SHOULDER RESTEST, CONTINUATION

10 Mar 2019

Quite simply this chart speaks for itself. I have a inverse head and shoulders with a weekly key level (turquoise line) acting as a neckline. NFP last friday saw short term weakness and possibly into this upcoming week. A hanging man at the top of a uptrend could ee price fall to the downside 60/70 pips test the neckline before seeing another swing to the upside with 1.3600 on the cards. Last week we finally broke above the weekly as a resistance now seen as a support.