USDCAD: Head and shoulders. Bearish Bias.
I'm expecting continued downside because the daily candle has closed as a bearish pinbar rejecting previous structure. Price action has also formed a clear head and shoulders pattern. My target is 1.27.
I'll be looking at the 4 hour and 1 hour to confirm an entry.
I'll be looking at the 4 hour and 1 hour to confirm an entry.