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Callitradar
Feb 8, 2018 2:37 AM

CADJPY Analysis Short

Canadian Dollar/Japanese YenFXCM

Description

Price is heading down in long run, it recently broke below and retested the TL. Ideally, I would like price to create a stop raid to previous market structure before heading down. That could create a small up channel, therefore wait for confirmation before entering short.

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Comment

This pair had a bearish momentum as I expected. Unfortunately, it didn't give me the deeper correction I was expecting in order to sell.
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