CAD/JPY - Inverse H&S Pattern - Short-Term Trade
Updated
Looks like the Inverse Head and Shoulders pattern has formed. If the price is going to hold that short-term uptrend line on the next 30 minutes then there is a high chance that we going to get a break of the neckline.
Enter on the break and close of the 15 minute candle above the neckline. SL level below the 2nd shoulder and TP target at the Minimum Price Objective projection + S2 level.
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Enter on the break and close of the 15 minute candle above the neckline. SL level below the 2nd shoulder and TP target at the Minimum Price Objective projection + S2 level.
Check my other ideas and follow me if you want to receive similar pattern analyses on the daily basis!
tradingview.com/u/AlexandrCikalchin/
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