LorenzoDecaria
Short

Looks like a counter trend trade

FX:CADJPY   Canadian Dollar/Japanese Yen
53 0 1
Price broke up the 96.50 resistance but on the 4 hour chart a bearish divergence and a bearish rotation are taking shape. Also the rising short term trendline has been broken on the down side and I think a retest of 96.50 level as support is due. So, I'm waiting for a retracement to enter short targeting 96.50.
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