FXCM

CADJPY approaching resistance, potential for reversal | 23 June

Short
FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
CADJPY approaching 78.6% Fibonacci retracement level which also finds confluence with graphical overlap resistance. An intraday drop below our entry at 90.094 towards our target at 89.303 and 38.2% Fibonacci retracement could be possible. Stochastic is testing resistance where price pulled back lower in the past as well.


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Comments

Good outlook!
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What I do I have sell trade at 89.400 can I close
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What is your target selection based on?
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