{"id":101844,"date":"2017-02-07T06:10:16","date_gmt":"2017-02-07T11:10:16","guid":{"rendered":"http:\/\/countingpips.com\/?p=101844"},"modified":"2017-02-07T06:10:16","modified_gmt":"2017-02-07T11:10:16","slug":"usdcad-bullish-but-watch-for-possible-bearish-shs-pattern","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/02\/usdcad-bullish-but-watch-for-possible-bearish-shs-pattern\/","title":{"rendered":"USD\/CAD Bullish but Watch for Possible Bearish SHS Pattern"},"content":{"rendered":"<div id=\"inves-3689022468\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 7, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Admiral Markets<\/b><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/fxmedia.s3.amazonaws.com\/articles\/2017-02-07_11-46-09.png\"><\/p>\n<p>The USD\/CAD spiked above the inner trend line with a strong marubozu candle making the POC zone strong enough on a possible retest. 1.3110-30 (H4, trend line, EMA89, ATR pivot) hasn&#8217;t been re-tested yet on 4h time frame and subsequent retest could spike the price even more higher, towards 1.3220 and 1.3290. 1.3220 is strong resistance and only 4h close above, might spike the price towards 1.3290 otherwise it might give us short term bearish opportunities. If that happens, the USD\/CAD will form bearish SHS pattern (head and shoulders) and we could see a rejection towards 1.3130 zone again. The pair is bullish until 1.2960 breaks to the downside. If that happens 1.2900 and 1.2800 will be exposed. The USD\/CAD analysis is valid till the rest of the week. so traders should focus now on either POC rejection or a counter trade opportunities.<\/p>\n<p>Follow <a href=\"https:\/\/twitter.com\/TarantulaFX\" target=\"_blank\">@TarantulaFX<\/a> on twitter for latest market updates<\/p>\n<p><b>Article by Admiral Markets<\/b><\/p>\n<p>Source: <a href=\"https:\/\/admiralmarkets.com\/analytics\/technical-analysis\/usd-cad-bullish-but-watch-for-possible-bearish-shs-pattern\" target=\"_blank\">USD\/CAD Bullish but Watch for Possible Bearish SHS Pattern<\/a><\/p>\n<hr style=\"border: 1px dotted #eee;\"><a href=\"http:\/\/www.admiralmarkets.com\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2016\/03\/AdmiralMarkets-sig-1.png\" align=\"left\" height=\"87\" width=\"141\"><\/a><\/p><div id=\"inves-1219639016\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p style=\"text-align: justify;\">Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Admiral Markets The USD\/CAD spiked above the inner trend line with a strong marubozu candle making the POC zone strong enough on a possible retest. 1.3110-30 (H4, trend line, EMA89, ATR pivot) hasn&#8217;t been re-tested yet on 4h time frame and subsequent retest could spike the price even more higher, towards 1.3220 and 1.3290. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-101844","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/101844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=101844"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/101844\/revisions"}],"predecessor-version":[{"id":101845,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/101844\/revisions\/101845"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=101844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=101844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=101844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}