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alikze
Feb 2, 2024 9:19 PM

#CADJPY → Movement in the ascending channel 

Canadian Dollar/Japanese YenFXCM

Description

In time h4, it is moving in an upward channel, which is currently in the supply zone. If the area breaks upwards, it will be able to reach the ceiling of the channel, otherwise, if it faces a negative reaction, with a shorter ceiling, you can enter a sell position until the bottom of the ascending channel.
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Trade closed: target reached

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