USD/CAD 1.1213
THE POSSIBLE HEAD AND SHOULDERS...
This pair is forming the very much possible of Head and Shoulders on Daily Charts. the neckline comes at just below 1.1100 levels and the Right Shoulder price i reckon the termination of the Head and Shoulder is at 1.1297. This pattern completes when it breaks below the neckline. On completing the H n S pattern it kisses the level of 1.1031 and possibly 1.0931. Daily RSI is at 64 value somewhere near to overbought region.
THE POSSIBLE HEAD AND SHOULDERS...
This pair is forming the very much possible of Head and Shoulders on Daily Charts. the neckline comes at just below 1.1100 levels and the Right Shoulder price i reckon the termination of the Head and Shoulder is at 1.1297. This pattern completes when it breaks below the neckline. On completing the H n S pattern it kisses the level of 1.1031 and possibly 1.0931. Daily RSI is at 64 value somewhere near to overbought region.
posted by Naveen Pantera at 10:14 PM
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