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Chibuike_Odoh
Nov 19, 2020 10:38 AM

CADJPY - Potential retracement 🔼 Long

Canadian Dollar/Japanese YenFXCM

Description

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CADJPY rejected the major resistance level and brokedown below the trendline support.
Price is approaching the minor support level.
RSI is printing a bullish divergence signal.
The market is printing a falling wedge pattern.
Buy entry - breakout above the falling wedge resistance + previous swing high.
Target - fibonacci retracement levels.
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