samirtoro
Short

Classic head and shoulders pattern

FX:CADJPY   Canadian Dollar / Japanese Yen
From the analysis i have done, it will be a plain Jane. You do not only see a break through the strong trend-line but also a head and shoulders pattern.
I have taken a deeper look into the 4-hour chart and believe it has already retested the neckline and will be entering a the trade.
(Take a look at the 4 hour chart, it has already tested its previous res and will now proceed with the bearish momentum.

Measuring from the top of the head down to the neckline, you can decide which of the three dark green lines to choose your take prof from.


Don't let greed consume you.
Make sure to trail stop and change it often reasonably.
Watch out for any trend reversals, fib retracements etc.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out