TradingFellow
Short

CADJPY break of trend line sell idea

FX:CADJPY   Canadian Dollar/Japanese Yen
We recently broke the trend line of the rising wedge to the downside. The wedge formed the retracement back into previous structure and found resistance at the upper line of the descending channel. We could see a continuation of the downtrend here. I'm already short. My stops are above the previous highs @81.90's. Potential profits will be taken at the previous low's @79.55's.

Good luck!
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