Wednesday, February 3, 2010

USD/CAD Possibility of Head and Shoulders

4 Hour time frame on the USD/CAD shows a possible head and shoulders pattern. This could give way for
a pull back to 1.0413 which in my opinion would be a good place to buy for a longer term move. I would love to get into a position trade on this pair as I could see it heading back to 1.10 or even higher.