OANDA:CADJPY   Canadian Dollar / Japanese Yen
The week ahead. Does the bearish move continue ? Price would suggest it does with a large candle engulfing many weeks of price action. The implications are we can expect 3 to 4 price periods of similar movement. With entry here, a large stop is needed and position size adjusted accordingly. Ideally, a pullback for the 1-2 move of the 4/5 cycle would be nice. But we dont always get nice..
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