Trade_Point

CADJPY Bearish Outlook

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Price is currently within a ranging channel. After it made a fake-out at the support level it has formed a rising wedge pattern as it reaches the resistance level for the second time, forming a double top bearish reversal pattern. Now, before price breaks out of the wedge , it is also looking to form a head and shoulders pattern as the impulsive move is looking to make a retracement.
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