Head and Shoulders Pattern Forming in USD/CAD

A Head and Shoulders Top (bearish reversal pattern) appears to be forming on the USD/CAD daily chart, pictured above. The pattern appears after an uptrend and is defined by three successive peaks, with the middle peak (head) being above the other two (shoulders). The successive lows after the peaks of the left shoulder and head … Read more

What Does It Take to Be a Successful Trader Today?

By Daniel J. Zanger Every year when preparing for the annual ChartPattern.com stock trading conference, I have a chance to look back on which trades worked best over the past year and what trends are emerging for the year ahead. Designed for serious traders, the conference gives attendees the opportunity to hear first-hand what I … Read more