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Jun 22, 2019 8:55 PM

CAD/JPY MARKET BREAKDOWN ANALYSIS  

Canadian Dollar/Japanese YenFXCM

Description

I don't have much reason to be looking for entries in this pair currently as we are at a level where price can continue Fibonacci Extension to it's ideal 100% or price can reverse and break into higher highs pushing its way back up to daily resistance. Breaking down structure and trend of the market allows us to find opportunity give or take around Monday night - Tuesday after price starts to show us indications of market direction.
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