The 4-hour chart of USD/CAD has broken its downtrend formation.
It has made a higher high and also broken the neckline of the head and shoulder pattern, which initiated the downtrend.
We advise the traders to catch the trend early when the pair makes a dip. Traders can long on a dip when buying cues cast on shorter time frames.
It has made a higher high and also broken the neckline of the head and shoulder pattern, which initiated the downtrend.
We advise the traders to catch the trend early when the pair makes a dip. Traders can long on a dip when buying cues cast on shorter time frames.