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CADJPY

TARGET CAD/JPY Reached at 106.00 - What's next?Ascending Triangle formed on CAD/JPY, price broke out and it was a slow consolidation move. But then one week, we had strong buying and demand for the currency pair which shot it up to the Order Block. We had other indicators confirming its upside including: 7>21 Price<200 RSI>50 The target at 106.00 hit and the price continued to move up. I guess it's a market environment for trend and channel traders right now. And until there is a sideways consolidation, I'll wait for the next setup.
Long
by Timonrosso
1
CADJPY - 4hrs ( Sell Trade Target Range 240 PIP ) Pair Name : CAD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Reversal 107.200 Area Reasons - Major Turn level / W - Liquidity Zone - Fibo Golden - Visible Range Poc - Choch Area Bullish Reversal 104.000 Area Reasons - Major Turn level - Main Area / Demand - Month High - Trend Line - Visible Range lvn - Fibo Golden
Short
by GentleGoldenEngine