DEMAURIOFX CADJPY SELL ANALYSIS
SIMPLE HEAD AND SHOULDERS MARKET STRUCTURE PATTERN. IM BEARISH FOR CADJPY BECAUSE WE CLOSED UNDER THE NECKLINE ( SUPPORT ) ON THE DAILY TIMEFRAME. BEFORE ENTERING YOU CAN WAIT FOR A RETEST OF THE BREAK OF SUPPORT. THE NECKLINE OF OUR HEAD AND SHOULDERS PATTERN IS ALSO MAJOR SUPPORT ON THE DAILY TIMEFRAME.BEFORE ENTERING YOU NEED TO SEE PRICE BEING REJECTED BY THE NECKLINE AFTER IT RETEST. I MYSELF WILL BE ENTERING THIS TRADE. THIS ANALYSIS WAS CREATED DURING SPREAD HOUR. IT WOULD BE WISE TO WAIT UNTIL AFTER SPREAD HOUR TO ENTER.
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