CAD/JPY pennant forming
after a solid sell off the pair seems to be forming a bearish pennant. a strong bulling candle near the end of the structure if rejected can cause a strong down ward sell of out of the pennant. TP is unclear as of now although the size of the pennants opening is the norm. the Canadian CPI announcement tomorrow could have an effect to open positions at 8:30 tomorrow
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.