From TradingView · · 40s
CADJPY Daily Long Setup
CADJPY breaks above key pattern neckline for potential rise.
In brief
CADJPY breaks above key pattern neckline for potential rise. CADJPY has broken above an inverted head and shoulders neckline on daily charts, signaling a potential upward move. Originally reported by TradingView.
CADJPY Daily Long Setup
CADJPY has broken above the neckline of an inverted head and shoulders pattern on the Daily timeframe.
Bullish Divergence Confirmed
Price made a lower low while the momentum oscillator made a higher low, suggesting selling pressure was fading.
Trade Plan Details
Entry: 112.977, Stop Loss: 112.282, TP1: 113.680, TP2: 114.373, TP3: 115.066 with 1:3 risk-to-reward ratio.
What matters most
CADJPY has broken above an inverted head and shoulders neckline on daily charts, signaling a potential upward move.
