CADJPY H1 LONG PRICE ACTION FORECAST

The price action has shown a rally in the intraday, clearly in the overbought are by the RSI, and together with a clear bearish divergence, it shows that the pair might reverse before further upward movement.

The pullback should reach the golden Fib level for a healthy correction, allowing the setup of a long entry as a limit.

The order:
Type: buy-limit
S/L: 28 pips - R:R | 1:2 -
T/P: as shown

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