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Here are two Chart as below as
Euro pair we have been tracking since late May is EURCAD. Although the inverse head and shoulder pattern has taken a few hits recently from the weekly gaps, the pattern (surprisingly) remains intact.
In fact the reversal pattern was confirmed by the rally on June 2nd, however with trend line resistance from 2015 just above we were waiting for a clearer breakout opportunity. Yesterday’s price action appears to have produced such an opportunity.
Although not nearly a…
Euro pair we have been tracking since late May is EURCAD. Although the inverse head and shoulder pattern has taken a few hits recently from the weekly gaps, the pattern (surprisingly) remains intact.
In fact the reversal pattern was confirmed by the rally on June 2nd, however with trend line resistance from 2015 just above we were waiting for a clearer breakout opportunity. Yesterday’s price action appears to have produced such an opportunity.
Although not nearly a…