CADJPY - An Inverted Head and Shoulders Pattern at Support

30 Eki 2020

Trading Confluence

• 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.

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3 Kas 2020

İşlem kapandı: hedefe ulaştı