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Mncotshe
Feb 12, 2019 9:37 AM

CADJPY Head and Shoulders formation 

CAD/JPYOANDA

Description

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.
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