fxpays

UPDATE ON CADJPY!! (H&S NOW VISABLE)

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

If you see my CADJPY idea on my page I had stated that we may be seeing a potential Head & Shoulders pattern forming. Its been over 24 hours and the Head & Shoulders is now visible. Right now its a waiting game to see where price moves to next, I have set an alert at the neckline to make sure I don't miss the trade if price respects this pattern.

In trading one of the most important aspects of trading is having patience, this is one aspect of trading that majority of traders don't have, so I suggest setting an alert just below the neckline and wait it out to see if we do get a potential selling opportunity.

AS ALWYAS IF YOU WISH TO USE THIS IDEA PLEASE ENTER AT YOUR OWN RISK!

PLEASE LIKE AND FOLLOW AS IT IS MUCH APPRECIATED!

STAY SAFE AND HAPPY TRADING.
Trade active:
Trade active: Second entry:

Trade closed manually: All positions are now closed as I don't like the way price is currently moving.


Profit taken: 3%

Comments

Go check out my analysis no cad jpy
+1 Reply
fxpays Harryc1010
@Harryc1010 okay bro will do👊🏼
Reply
Also if you look further back on the chart you will see price has been rejected from the 81.600 area multiple times this year.
+1 Reply
fxpays FazalWahab
@FazalWahab nice, thanks for your input👊🏼
Reply
Good analysis! ✅
Reply
fxpays CeoCodes
@CeoCodes, thank you, its much appreciated!
Reply
True
Reply
Hopefully this trade goes to plan.
Reply
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