Hello Traders. While conducting my end of week Cross Currency Analysis, I came across another Inverse H & S pattern on the CAD JPY Weekly chart.
If this one breaks to the upside (Neckline at 89.00), a measured move would take us up to approximately 103.00.
This chart doesn't have an unfilled Weekly Gap until 96.18 - 700 pips away from 89.00.
While I'm waiting for more information to print on my NZDJPY setup, I'll definitely be looking at this pair to enter long on a neckline break. I linked my NZDJPY idea at the bottom of this idea, if you'd like to check it out.
Good luck to you!
KennTrade
