CADJPY is in retracement mode on the Daily timeframe. On Daily timeframe price has been rejected multiple times in the previous weeks, giving us a sell bias on the lower time frames with a good risk to reward of high probability.
We are waiting for a buyer retracement, which if satisfactory as per our rules will provide us with a good entry.
BIAS: SELL
Timeframes for high precision entry: 60/15
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Comment
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Price perfectly rejected from our Area Of Interest (AOI), all rules met for our short entry.