CADJPY long- inverted head and shoulders
I have been waiting for this move on CADJPY for weeks and I hope we are finally about to see it happen.
Daily price action is telling us momentum is still with the bulls. Now on 4H we have seen price break out of our resistance zone completing an untidy inverted head and shoulders pattern. EMAs looking good on all significant timeframes. I have entered a long position on the retest of this zone at 82.70 with a stop loss of 30 pips and take profit of 120 pips. 4:1 risk-reward ratio.
New Instagram account @andy.fxtrades. Will be posting regularly on there also, all follows and support is appreciated!!!
Daily price action is telling us momentum is still with the bulls. Now on 4H we have seen price break out of our resistance zone completing an untidy inverted head and shoulders pattern. EMAs looking good on all significant timeframes. I have entered a long position on the retest of this zone at 82.70 with a stop loss of 30 pips and take profit of 120 pips. 4:1 risk-reward ratio.
New Instagram account @andy.fxtrades. Will be posting regularly on there also, all follows and support is appreciated!!!