From TradingView · · 30s
Reverse Head and Shoulders - Long Opportunity for FX_IDC:CADJPY
Reverse head and shoulders pattern shows long opportunity for CADJPY.
In brief
Reverse head and shoulders pattern shows long opportunity for CADJPY. TradingView user martin2048 identifies reverse head and shoulders pattern on CADJPY with potential entries at neckline. Originally reported by TradingView.
Reverse Head and Shoulders Pattern
TradingView user martin2048 identifies reverse head and shoulders pattern on CADJPY chart.
“reverse head & shoulders pattern building on m30”
Potential Entry Points
Aggressive entry directly on neckline or conservative entry after pullback to neckline.
“possible entries 1) directly on the neckline right now 2) waiting for pullback to neckline”
Trade Setup
Stop loss under head at 111.685 with target at 112.640 for 2:1 risk reward.
“sl 111.685 tp 112.640 cca 2r”
The key point
TradingView user martin2048 identifies reverse head and shoulders pattern on CADJPY with potential entries at neckline.
