CADJPY Review ------------------- Pattern : Inverse Head & Shoulder and Flag Pattern. Possible Target : 100 Invalidation : If price comes below the neckline
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Good analysis on the CadJpy pair. Well, I like the area that you marked for the SnR, but on my view opinion the structure formation that we are having is a ascending wedge and price have clearly can seen loosing its momentum to the upside as the highs been diminishing its potential. On my view, Entry 92.541, Tp at 86.413, SL at 93.879. Its a better risk to reward ratio. Just to consider. Tq
amirulopu
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@KuldipFxTrader, You are welcome. It should be a perfect inverse h&S and flag pattern as rsi is confirming the upward momentum... Also see the upward modified schiff pitchfork. so trade accordingly.