GBP/CAD
The inverse head and shoulders is a chart pattern used in technical analysis to predict a reversal in a downtrend. It's considered a bullish indicator. Here’s a breakdown of its structure and how it can be identified:
Structure:
Left Shoulder: The price declines to a trough and then rises.
Head: The price declines again, forming a lower trough than the left shoulder, and then rises.
Right Shoulder: The price declines for a third time, but not as far as the head, and then rises again.
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