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WFFX
Jan 5, 2021 2:43 PM

CADJPY Short - break of upward trend line, 0.5 fib rejection Short

FX:CADJPY240
Canadian Dollar/Japanese YenFXCM

Description

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Afternoon traders, looking at further downside movement for CADJPY following a lower high, rejecting the 0.5 fib. Some key points on the chart, but remember best indicator is the candles themselves.

Lets see how this 4 hourly candle closes.

Waiting and watching.
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