CADJPY: Bearish Move From Key Level 🇨🇦🇯🇵

20 באפר׳ 2023

CADJPY reached a key horizontal daily resistance this week.
Analyzing the reaction of the price to that on intraday time frames,
I spotted a head & shoulders pattern and a rising channel.

The price manage to break both the neckline of h&s and a support line of the channel.
It will most likely trigger a bearish continuation.

Goals will be: 99.59 / 99.1

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