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CollegeofPips
Nov 27, 2020 7:52 AM

Potential Move Upward for CAD/JPY Long

CAD/JPYOANDA

Description

💡 Trade Idea

📉 Buy Limit CAD/JPY @ 79.95

🎯 Target Profit 80.59

🛑 Stop Loss 79.79

❌ Do not risk more than 1% of your account on each trade

🙂 Good Luck!

The price is currently ranging inside a corrective channel. Our prediction is a lower move downside to re-test the 79.95 support, and the latter could prove difficult to be broken, from this level a potential move higher to the 80.59 mark could be seen.
Comments
forextread18
Good One
Joe_Damien
Great analysis
CollegeofPips
@Joe_Damien, Thank again
forexboat
We have same bias. Thanks for sharing
CollegeofPips
@forexboat, Much appreciated your comment
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