This pair has broken out of a descending triangle, HTF bias with huge shooting star testing and rejecting lows on the weekly chart. Looking for a move to test liquidity at old highs.
Hammer on the Daily, restest of head and push higher to the liquidity pool waiting above.
Possible Head and Shoulders pattern forming on EUR/CAD, had made a significant move to the upside but exhausted running into heavy resistance going back as far as April.Has now put in a lower high and double top into another area of previous support that was immediately rejected on both occasions, Potentially a third candle will fail here. If so we could see a...