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memit
Dec 13, 2018 12:42 PM

CADJPY Short Daily/4-hour Short

CAD/JPYOANDA

Description

This is a potential short on the CADJPY pair. Price has broken the daily/weekly trend-line to the downside and it now retesting it as resistance. The 4-hour shows this as a nice bear flag. I will wait for price on the 4-hour to break and close below the 4-hour bear flag before entering. TP would be at at the dotted line.

Trade closed: target reached

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