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Official_VIFX
Mar 22, 2021 9:13 AM

CAD/JPY - 22/03/2021 Short

Canadian Dollar/Japanese YenFXCM

Description

Consolidation has recently broken setting new lows. We now have price pulling back rejecting of the trendline annotated on the chart. We has a good wick rejection from this bullish candle coming back into the key level that may grant us a potential short entry. The levels indicated are not my actual entry. I will be waiting for one more bearish candle close before considering entering this pair.
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