Rick_69ro

CAD / JPY 4H - SHORT position is favoured

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
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7
Reason: RSI divergence quite strong. Return to the median line app 88.500 should be the target. Go to lower time frame of 15M and see H&S pattern for reversal but watch for retest of neckline before entering short position. Enjoy.
Comment: Now we have on 1h chart a shooting star and a hanging man near. Both are bearish patterns. This pair should collapse soon..

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