CADJPY: H&S with big potential or...
In recent months this pair has formed two structures:
1. Head & Shoulders:
If it breaks 85.500 level - open short position (you can also open small position right now with tight SL) and aim for 82.500 (TP1) then 80.500 (TP2, strong support in the past)
2. Falling Wedge:
If this pair breaks 89.00 level - wait for confirmation (retest of broken trend line) then open long position with TP1 = 93.00 and TP2 = 98.00.
Good luck.
1. Head & Shoulders:
If it breaks 85.500 level - open short position (you can also open small position right now with tight SL) and aim for 82.500 (TP1) then 80.500 (TP2, strong support in the past)
2. Falling Wedge:
If this pair breaks 89.00 level - wait for confirmation (retest of broken trend line) then open long position with TP1 = 93.00 and TP2 = 98.00.
Good luck.
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