CADJPY Head and Shoulders formation
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.
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.
Note
Market has moved further up and violated our head and shoulders pattern nullifying our previous analysis.
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.