Traderscope

CADJPY - Upcoming long rallye

Long
Traderscope Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
The falling wedge is about to end with an accumulation of price around the top line. This is a sign of a slowing down of the downtrend. Anticipating a breakout of the top line could be very profitable with a good risk/reward.
Comment:
Above 85.00 a long trade is an excellent opportunity with a good risk reward and with a stop below 84.30

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