USDCAD: Your Trading Plan For Next Week Explained 🇺🇸🇨🇦

٩ ديسمبر ٢٠٢٣

https://www.tradingview.com/x/YcsUR3Ai/

USDCAD closed, testing a solid horizontal daily supply zone.
Analyzing a 4H time frame, I spotted a potential head and shoulders pattern on that.

To short the pair with a confirmation next week,
pay close attention to the neckline of the pattern.

If the price breaks and closes below 1.3548,
we can anticipate a bearish movement to 1.35

Alternatively, a bullish breakout of the underlined resistance will push the prices higher.

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