CADJPY: Head and Shoulders Pattern With a Sloping Neckline

CADJPY: Head and Shoulders Pattern With a Sloping Neckline

Technical Analysis:
After the price reached an all-time high zone near 111.80 we can see the creation of the Head of our pattern.
This is an ugly variation as it has a sloped neckline but it tends to perform well as a classic "H&SH" Pattern.

The price is testing a strong support zone for the moment which can push CADJPY higher again as it is shown in the chart.

It is very risky in the bullish scenario due to the many factors but it has to correct before it moves down more.

The big trade is only down...

You may find further details in the chart!
Thank you and Good Luck!

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Trade geschlossen: Ziel wurde erreicht:

Trade geschlossen: Ziel wurde erreicht:

CADJPY - Price continues to rise further