The M5 and M15 time frames may have more false entry points.
FX.co ★ USDCAD M15: Head and Shoulders
Signal strength 2 of 5
USDCAD M15: Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of USDCAD M15. There are weighty reasons to suggest that the price will surpass the Neckline 1.4061/1.4059 after the right shoulder has been formed. So, the trend is set to change with the price heading for 1.4037.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade