CADJPY weekly chart outlook

CADJPY has seemed to put in a large inverse head and shoulders pattern and has broken the neckline. If this plays out, a measured move would place the "completion" of this pattern around 100-101 price area which is around 1000 pips from where price is currently trading. Something to keep in mind for the 2018 year.

Trade ist aktiv:

I went long on this pair on December 15, 2017 and have since taken partial profits. My trail stop is currently in profit and I'll continue to trail it if/when price continues it's bullish trajectory.

Kommentar:

Entry was at 87.699