Very strong accumulations in the background on CADJPY SL - under Fake Breakdown indicator used in this analysis: Wyckoff Wave Chart Wyckoff Methodology
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Very typical accumulation setup and very clear information comes from Wyckoff Wave Chart. Those up wave 449, 254, ,155 was really strong in this range. Additionally false brake down and quick pull back to the range is typical market behave for those who study charts according Wyckoff Methodology