USDCAD Short from Resistance & H&S Right Shoulder Formation

6 Jan 2022

I initially made an assumption for UCAD having a H&S formation but looked at it in a larger picture, now seeing it in a much more micro-view, we can see here

that UCAD is about to reach the peak of its right shoulder. I am expecting for price to come up to 1.28300+ before a sell-off down to 1.24600 to support the H&S formation as seen here tradingview.com/x/hzZ2XMAJ/.

Disclaimer: This is for educational purposes only.