Price is currently within a ranging channel. After it made a fake-out at the support level it has formed a rising wedge pattern as it reaches the resistance level for the second time, forming a double top bearish reversal pattern. Now, before price breaks out of the wedge , it is also looking to form a head and shoulders pattern as the impulsive move is looking to...the japanese yen has dropped this pair. Yen is really strong versus the canadian dollar. looking for a pull back and bearish continuation wave.Hi all traders. Im looking to trade the ranges for this pair till we have see a definite breakout for this pair. Not the best pair to trade, but if u are doing some scalp, might consider to take some pips from here. Cheers!