stoko29

CADJPY Follow up to short last week

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Daily divergence.

LL - LH formed.

Currently at 61.8 fib golden area.

Initial move if plays out will touch daily trendline giving a 3rd tap, we may see price then push further back to the upside.

If we break and retest the daily trend giving us the 3rd touch from a resistance, then i anticipate further downward momentum to longer term targets.

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