Valid H&S on usdcad (1D) 13 Jan 2022
Customary, valid H&S patterns give a profit as high as (or higher) the length of the distance from the neckline to the top of the head. In this particular case, I believe the pattern will send the price lower to test the 2021 lows.
Note
Please support me with your thumbs up and comments.Trade closed: stop reached
Looks like the dollar is defiant.
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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.