A USD/CAD pair forms “inverted head and shoulders” pattern

USD/CAD pair for almost monthly movement in the flat significantly slowed the overall uptrend, which has been traced since the beginning of the year.

The signal for the resumption of growth in this pair is the “inverted head and shoulders” pattern on the H4 timeframe.

It is worth considering deals for buy when the neck  level at 1.3490-1.3510 will be broken.

The goals are located at the levels: 1.3550 and 1.3580 in the condition of start working out the pattern. After breaking through the neck level, the support is located at the levels: 1.3480 and 1.3460.

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Hanzenko Anton

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