CADJPY: Bearish Move From Key Level 🇨🇦🇯🇵
CADJPY reached a key horizontal daily resistance this week.
Analyzing the reaction of the price to that on intraday time frames,
I spotted a head & shoulders pattern and a rising channel.
The price manage to break both the neckline of h&s and a support line of the channel.
It will most likely trigger a bearish continuation.
Goals will be: 99.59 / 99.1
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Related publications
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.