Get started
Mncotshe

CADJPY Head and Shoulders formation

Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
Mncotshe Updated   
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Chart Patterns Technical Indicators Head and Shoulders CADJPY
2
0
chartpattern indicator headandshoulders cadjpy
Potential head and shoulders pattern formation.

Watch price action for retest of support at 82.305 to complete pattern. If it breaks the neckline (yellow line) expect a retest and and bearish price action to follow.
Comment:
Market has moved further up and violated our head and shoulders pattern nullifying our previous analysis.
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.