Inspecting long term chart patterns provides hint of CADJPY direction
Tips to spotting a BIG move in currency pairs:
- Chart Patterns that formed over a long duration of time, e.g. months
- Price moved out of multiple support/resistance
In the case of of CADJPY, this is a channel of 5 months, a potential Head and Shoulder of 2 months.
Support and resistance has been touched multiple times.
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