CADJPY we have a W formation on the weekly we expected a retracement to the neckline of the pattern also on the weekly we have a doji candle form at a strong resistance so we expect a retracement. on the daily and 4hr market has created this big head and shoulders pattern, we are waiting for a clean break and close below the support (neckline) then on the retest we can look to SHORT. join our FREE group link in bio for daily setups, market breakdowns, fundamental updates and free education.
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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.