CADJPY - An Inverted Head and Shoulders Pattern at Support
Trading Confluence
Trade Forecasr
We will look for a break above the local structure level marked in the chart. If Price will break above and retest local structure level then we will consider going long on CADJPY targeting 78.999 target area marked in the chart.
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- Price is at a Support Level Which Comes from 4 Hour Chart.
- An Inverted Head and Shoulders Pattern indicate the lack of selling pressure
- Bullish Engulfing and Bullish Pin Bar indicate the buying pressure that builds on CADJPY
- RIS Divergence
Trade Forecasr
We will look for a break above the local structure level marked in the chart. If Price will break above and retest local structure level then we will consider going long on CADJPY targeting 78.999 target area marked in the chart.
Head Over to Trade Revenue Pro to Learn How to Trade Forex Profitable Way.
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