The reason for coming to this deal is that CADJPY seems to have rejected his daily resistance! However, on closer inspection, the trend line of the bull trend during the 4h period breaks down and the pattern retest again, the 1hr period has a clear head and shoulder pattern, so if the marked area is broken down, a short oder can be added.
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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.