On H1 at CADJPY we are in an uptrend. As in the last part, the price failed to make a higher peak.
This way it forms the head and shoulders figure.
To enter it we must have a closing candle below the neckline - 87.85!
To determine the profit level, the size of the head is measured and applied from the moment of breakout.
In this case we expect 87.40!