fxpays

POTENTIAL SELL ON CADJPY!! (H&S FORMING)

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Hey traders,

This week I am currently looking at a potential sell on CADJPY, as you can see from my chart, we may be looking at a potential Head and Shoulders forming. Before I do enter a sell position, I will be looking for a break of support as you can see from the green marked area which I have drawn. You may be wish to enter when the candle has closed below this area or you can short on a break and retest.

As always if you do wish to use this idea, PLEASE ENTER AT YOUR OWN RISK!!

PLEASE FEEL FREE TO GIVE THIS IDEA A LIKE AND ALSO FOLLOW AS IT IS MUCH APPRECIATED!!

STAY SAFE AND HAPPY TRADING.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.