patterntrader

CADJPY follows the same broadening bottom

Long
FX:CADJPY   Canadian Dollar / Japanese Yen
A typical broadening bottom formation. A declining price trend, the latter developed into a brooding bottom pattern. This pattern looks more like a megaphone and respected trendlines formality. A breakout can:
* When the price closes above the formation´s high.
Let us monitor this pair and see how it responds.
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