USDCAD Looking back at previous chart behavior - look closely how the uptrend is gaping away from the outer left bollinger band - currently crossing below 20 SMA and testing the lower band , add this to Hanging man candle pattern - your up for a reversal watch out for the final re-test by the bulls.
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Another failed test to the upside - Look at the divergence
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If you need additional Confluence - Head and shoulders shows on the hourly chart
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.