Right shoulder forming in process for CADJPY
2019-12-26 19:28:43
The strong bullish engulfing candle convinced me that the price action will break above 83.319
and formed a right shoulder pattern, then retrace before heading higher up.
There is strong support at 83.006 and if this level is broken down, it might head to the 82.40 bullish green line. This is a possibility as well.