MisterTrader

Level To Watch: #CADJPY SMA(200) and Resistance Level Ahead

FX:CADJPY   Canadian Dollar / Japanese Yen
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Price is forming a range failing to create a trendy market since February.

If price is continuing to goes up to the resistance level , SMA (200) combined with resistance level will be a perfect zone to trigger a SHORT position.

Waiting for the price to reach this key zone to take action.
0.5 Fibonacci level will be then, a perfect take profit.

MT

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