MEX_Exchange
Long

CADJPY approaching major support, prepare to buy

FX:CADJPY   Canadian Dollar / Japanese Yen
Buy above 88.49. Stop loss at 88.19. Take profit at 89.20.
Reason for the trading strategy (technically):
Price is approaching major pullback support at 88.49 ( Fibonacci retracement , horizontal pullback support) and we are expecting price to test this level before bouncing off nicely to continue its bullish channel exit potential to 89.20 ( Fibonacci retracement , Fibonacci extension , horizontal swing high resistance).
RSI 934) is seeing a pullback to support level signalling that we could be seeing a bounce soon.
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