Technical Analysis
1. Market broke through the support of the resistance zone
2. Market retested after the breakout
3. Diagonal Head & Shoulder Formed
4. Forming of the 2nd Shoulder at retracement level
Safe Take Profit at 87.640
1. Market broke through the support of the resistance zone
2. Market retested after the breakout
3. Diagonal Head & Shoulder Formed
4. Forming of the 2nd Shoulder at retracement level
Safe Take Profit at 87.640
Note
I missed out point #5There's also a rising wedge forming
Note
CADJPY is set to fall for the next few weeks.
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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.