Head And Shoulder?

Hello Fellow Traders , Is this a Head and Shoulder on 4H USDCAD ?

The only correct answer is it looks something like it. To answer, “Yes, it definitely is” sounds like giving too much credibility to the pattern, implying that I believe in such stuff and that I think price is definitely going down.

So, as it looks something like a H&S, for me that means that price will probably do something like what textbooks say it will do.

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On daily it looks more like small HS, but in general it moves sideways, so I would not consider this as “significant head and shoulders trend reversal”. If I would be forced to find a pattern here I would go more with double top on H4, than Head and shoulders :slight_smile:

Yeah would say it is