Breakdown Neckline

After success break bullish parallel channel at level 88.50, CADJPY perform Head and Shoulders reversal pattern.
Sell at retest neckline will be a great idea with target at head and shoulders projection at 86.73, and maximum target for this setup at 85.43
keep an eye on support zone at 87.46, this is final barrier for this setup.

Open short : bellow neckline (at retest)
Target : 87.46 or 86.73 or 85.43
stoploss : above right shoulders
target in pips : 285 pips
R/r ratio : 1/7.26

Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.

Komentarz:

first target confirm +80 pips
Congrats

Komentarz:

high impact cad news imcoming,... secure opening with SL+

Komentarz:

second target reach,..
congatulation for +164 pips.

Transakcja zamknięta: osiągnięto wyznaczony cel:

nice call,.. analysis close
see u at next analysis