EURUSD chart is the top one, USDCAD chart is the bottom one. Both charts have bearish pattern but only one of them can be right. Lots of people want to short the EU because of the Head and Shoulder pattern, so as the USDCAD. One of them will break the neckline and going down but it can't be both. The only different here is one pattern is on an up trend (EU) and the other is on the down trend. If you are a trend following trader, you will have to expect the EU pattern will be a failed pattern and it will break the shoulder line and makes new high, will see.
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.
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.