Asalam Walekum all what do you guys think of USD/CAD I’m currently looking at the H4 TF and I guess a head and a shoulders pattern is forming what do you guys think ?
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It would be a good inverted H&S pattern had it occurred after a bearish run, but that isn’t the case for the USDCAD at the moment,
Personally I do not see a H&S formation on the USDCAD H4. I think we may see a further correction in this currency pair until we hit ascending support levels.