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forex_trader1990
Jun 7, 2016 11:00 PM

Short CAD/JPY Short

CANADIAN DOLLAR / JAPANESE YENICE

Description

As you can see on the Daily, we have broken out of our triangle. You can see a clear retest of the triangle and a 20 EMA bounce short as well. Confluence factors include, Long term short biased, retest of triangle, 20 EMA bounce short, bearish MACD, and a bearish engulfing candle prior to this week on the weekly chart. Lets see if it takes :)
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