CADJPY. Buy opportunity.

28 thg 5, 2017

CADJPY. I have been waiting for a rally on this pair for quite some time. As you can see, the Elliott wave is pretty much clear in this chart, the inverse Head and Shoulders is also pretty much clear. When you look at the left shoulder and the head, you will notice that every time price made a Double Bottom formation before the rally. As we look at the right shoulder now, you will notice price has made a Double Bottom formation. I will enter at the break of the neckline.