VladimirRibakov
Long

CADJPY - Buy setup after Triple Cycle on Weekly

FX:CADJPY   Canadian Dollar/Japanese Yen
On weekly chart a Triple Cycle has been completed. This is why it is preferred to look for long opportunities in the mid-short term.

There is a trend line from the bottom. If the pair reaches it and creates divergence near it we can try a long position.

Target 1: 86.00

Target 2: 86.80

Stop Loss: 10 pips below the trend line support area.
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