CADJPY POTENTIAL LONG POSITION

CADJPY LOOKS ON SET ON FORMING A HEAD & SHOULDER PATTERN. AS WE CAN SEE IT APPROACHING TO IT'S RIGHT HAND SIDE SHOULDER ASWELL AS APPROACHING 61.8 FIBS LEVEL. IF WE CAN GET A BULLISH CANDLE STICK CLOSURE ON THE 61.8 LEVEL WILL BE LOOKING AT A 150 TP/50 SL (1:3, HEALTHY RISK:REWARD)