As shown on the graph representation, the CADJPY monthly time frame has formed an inverse H&S... and it is currently hovering at the neckline of the monthly inverse H&S! It's gonna be tough... but it's going to be interesting! I currently have long CADJPY as seen on my previous analysis.
Good Even Traders, bringing you another free signal from the pip factory that I'm working at. Tonight, CADJPY continues it's uptrend with an anticipated 75 pip gain to the upside as it finds support at the 89.00 price level. For those who follow Quarters Theory, we have a rejection at the 87.500 Large quarter (or half point), with price soaring past the 125 pip...
After the strong upward move, CADJPY has to retrace ,So shorting now would be the best move right now but for short Tps thanks.