FC is completing an inverted H&S pattern within an up channel. The shoulders of both inverted H&S patterns are in orange and the head is green. Continuation within channel even though its pretty tight upwards.
ENTRY DETAILS: PAIR: GBPJPY ORDER: SELL ENTRY : 139.898 STOP LOSS: 147.490 TAKE PROFIT : 125.030
One more drop on the USDCAD
Instutional orderflow will be down People will invest because the dollar is going up, so expecting people to invest in 2015 wich makes it perfect for the banks/institutions to dump the dollar. Offcourse the retail (normal) traders won't close their longs & will probably add to their positions, wich makes it great for the banks to dump