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USDCAD Daily Head and Shoulders Pattern 04

September 20th, 2007 · No Comments

This is the 4th follow up on the USDCAD Head and Shoulders Pattern lesson. The first 3 posts can be found here:

  1. USDCAD Head and Shoulders 1
  2. USDCAD Head and Shoulders 2
  3. USDCAD Head and Shoulders 3

The USDCAD hit the first 2 targets and paused, before continuing lower. It has now hit the FE 161.8 target.

USDCAD Head and Shoulders Pattern 05

Will it go any lower? Honestly, who knows?

Just trail your stops and enjoy the ride! :-)

Tags: Chart Patterns · Forex Trading · Trading Lessons