CADJPY Potential Head And Shoulders Pattern
CADJPY H4 Chart Overview:
1. BEARISH BUTTERFLY completed at 83.20. Retraced to 23.2 Fibo, retested 83.20 and made the double top .
2. Completed Bullish SHARK at 82.20 and doing a minor retracement. The upside is capped SMA100 H4. I predicted reversal at 82.60 – 82.70
Head And Shoulders will be in action if it rejects 82.60-82.70
Head And Sholders Neckline ( Red Line )
My Trade: Short at 82.62 – 82.70 Stop: 82.90 Target: 82.27 Target 2: 82.05
My Second Trade: ( Head And Shoulders ) Short at 82.20 Target 1: 82.05 Target 2: 81.75 ( Bullish Crab area of the entry starts which can be used as along opportunity )
Our first trade hit TP1.
We book partial profit and wait for the breakout. I will update.
Breakout of the neckline would validate the SHS pattern.
VERIFIED ACCOUNT AND SETUP RESULTS
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